The Florida State Legislature has passed the state-level stablecoin regulatory bill SB 314, establishing a regulatory framework for payment stablecoin issuers. It is now awaiting Governor Ron DeSantis' signature. The bill requires stablecoin issuers to comply with existing anti-money laundering regulations for money services businesses and obtain the necessary licenses. It also clarifies that certain payment stablecoins are not considered securities. Additionally, the bill stipulates that if federal law prohibits paying interest to stablecoin holders, issuers are not allowed to provide any form of yield to holders. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57707