Florida lawmakers have introduced two bills aimed at establishing a strategic cryptocurrency reserve to integrate digital assets into the state's financial strategy. The proposed legislation, SB 1038 and SB 1040, seeks to create a Florida Strategic Cryptocurrency Reserve managed by the Chief Financial Officer's office. SB 1040 outlines the creation of a trust fund to hold and manage these assets, with funding from legislative appropriations, statutory income, and cryptocurrencies acquired through various means. Profits from non-crypto investments can also be added. SB 1038 authorizes the current Chief Financial Officer, Blaise Ingoglia, to manage the fund, with investment restrictions allowing cryptocurrency purchases only if the market value of the assets has averaged at least $500 billion over the past two years. These bills, submitted on Tuesday, are interdependent and will only be enacted if both are passed into law, with an effective date of July 1st if approved.