Florida SB 314 passed unanimously, what it actually changes and what it doesn't

Florida's stablecoin bill creates a state registration requirement, mandates 1:1 reserves backed by cash or short-term Treasuries, and notably exempts federally chartered issuers (like Circle under its pending OCC trust bank charter).

The waiver clause is the part most people are glossing over. Issuers hitting $10B in outstanding tokens would normally shift to federal oversight, but Florida can apply for a waiver if its regime is deemed rigorous enough. That keeps state regulatory authority alive at the systemic scale.

What the law doesn't address: counterparty risk at the holder level. Registration and reserve requirements govern issuers. They don't protect the DAO treasury or the fund holding a stablecoin position when a black swan event hits.

Less than 2% of crypto assets are currently insured, which is a separate problem from who's allowed to issue.

Curious whether this changes how people here think about stablecoin allocation, especially for treasury management. A few insurance products exist in this space, but the whole category is underdeveloped relative to the risk exposure being taken on.