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The Florida State Legislature has passed the state-level Stablecoin Regulation Bill SB 314, establishing a regulatory framework for payment-type stablecoin issuers. It is currently awaiting signature from Governor Ron DeSantis. The bill requires stablecoin issuers to comply with existing money services business anti-money laundering regulations and obtain the necessary licenses. It also clarifies that some payment-type stablecoins are not securities; additionally, the bill stipulates that if federal law prohibits paying interest to stablecoin holders, issuers shall not offer any form of yield to holders. (The Block)