Missouri Moves Bitcoin Reserve Bill Forward in Renewed Crypto Treasury Effort

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Missouri has advanced legislation aimed at establishing a state-level Bitcoin reserve, sending the proposal to the State House Commerce Committee after similar initiatives stalled last year. The move signals a renewed push to integrate digital assets into the state’s treasury framework.

House Bill 2080, introduced by Republican Representative Ben Keathley, proposes the creation of a Bitcoin Strategic Reserve Fund within the state treasury. The measure would authorize the Missouri State Treasurer to receive, invest, and hold Bitcoin under specific conditions outlined in the legislation.

Under the bill, the Treasurer would be permitted to accept gifts, grants, or donations of Bitcoin from eligible Missouri residents or governmental entities. The proposal requires that any Bitcoin acquired through these means be held in custody for at least five years before it can be sold, transferred, or converted.

The legislation would also grant the Treasurer authority to purchase cryptocurrency using state funds. In addition, Missouri government entities would be allowed to accept approved digital assets for taxes, fees, and other state payments. The Treasurer would be required to issue a public report every two years detailing the fund’s activity and holdings.