Florida has passed the first state-level stablecoin regulatory framework, with Senate Bill 314 unanimously approved. The bill establishes rules for payment-type stablecoin issuers, including consumer protection and licensing requirements, in line with the federal GENIUS Act. The bill explicitly states that certain stablecoins are not securities and prohibits unlicensed issuance. A companion bill also expands the confidentiality protections for virtual currency business information.