Florida It went ahead with one of the country’s most prominent financial reforms after signing the agreement Ron DeSantis To a law allowing new forms of payment. The initiative includes alternatives that have gained weight in recent years and that today compete with the dollar in the context of ongoing inflation.
The new framework recognizes the expansion Cryptocurrencies Renewed interest in gold and silver, assets that have grown strongly and are once again pegged as collateral. With this decision, the state seeks to expand the options available to consumers and companies.
According to Tallahassee DemocratThe new law, which will take effect on July 1, 2026, will allow businesses to accept gold and silver coins as a means of payment, expanding options beyond cash or card. While signing HB 999 Initiative“This is our ability to provide them with the financial freedom needed to protect themselves from the decline in the value of the dollar,” said Ron DeSantis. It’s not just an investment. “It’s something they’ll be able to use and potentially maintain its value, especially compared to fiat currencies.”
The media explained that Gold value He went up 53% per yearWhile the price of silver rose from about 30 to about 50 dollars per ounce. DeSantis called the increase “an indictment of the Federal Reserve” and “a reaction to currency depreciation,” according to an October post. He also stated that the rule is supplemented by HB 7031 which repeals Limit $500 For metal purchases and exempting them from sales tax, which will represent an estimated saving of about $2.2 million annually for buyers.
In matters Cryptocurrencieshe Tallahassee Democrat You mentioned they work in Florida 2,972 kiosks operated by 32 companies. Legislative analysis recorded $33 million in fraud complaints since 2020, prompting the introduction of new regulatory bills for 2026 (SB 198/HB 505). The Office of Financial Regulation opened 75 investigations into losses associated with these exchange systems. At the same time, the popularity of digital assets maintains debate over how to integrate them into the 21st century economy alongside physical money and metals.
The discussion also covers the use of cash. The media recalled that two years ago, Senator Shevrin Jones introduced a bill to oblige businesses to accept cash payments, with exceptions for online purchases. Amounts over $5,000 and ongoing contracts. Its goal was to prevent the exclusion of low-income families from sectors that no longer accept cash. The proposal was introduced in the Senate, but failed to gain support in the House.
The simultaneous expansion of cryptocurrencies, gold and silver is a scenario that Florida has to live up to. Formatting rules clear to Consumer protection Without slowing down the adoption of new payment tools. The 2026 legislative session will be where much of this framework will be determined, from oversight of digital kiosks to the practical implementation of metals as legal tender.
For their part, companies will face decisions about investments, security and training, as the system will combine assets with different dynamics. The transformation will include adjusting business practices, assessing risks, and ensuring that the new options coexist without impacting customers’ daily operations.