Missouri Advances Bitcoin Reserve Invoice to Home Committee in Coverage Push

Missouri lawmakers superior Home Invoice 2080 to the Home Commerce Committee on February 19, taking a major step towards establishing a state-run Bitcoin Strategic Reserve Fund.

Sponsored by Consultant Ben Keathley, the laws mandates a five-year holding interval for digital belongings and positions Missouri alongside different Republican-led states aggressively integrating cryptocurrency into public finance.

Key Takeaways

• HB 2080 authorizes the State Treasurer to custody Bitcoin for at least 5 years.
• The fund depends completely on non-public items and grants, prohibiting taxpayer funding for purchases.
• Missouri joins Arizona and Texas in competing to formalize state-level digital asset reserves.

Missouri Laws Revives Crypto Treasury Push

HB 2080 would amend Chapter 30 of Missouri regulation to permit the State Treasurer to obtain and maintain Bitcoin. That is Consultant Ben Keathley’s second strive after the same invoice failed in March 2025. Now it has been perfected and despatched to the Home Commerce Committee, displaying the problem is again on the agenda.

The timing is attention-grabbing. Whereas Missouri is pushing a long run Bitcoin reserve, latest information exhibits spot Bitcoin ETFs have logged a number of weeks of outflows, hinting that brief time period institutional demand has cooled.

If authorized, the reserve would go reside by August 28, 2026. Supporters body it as a hedge in opposition to federal inflation, specializing in long run technique somewhat than every day value swings.

Strict Holding Durations and Funding Mechanics

The invoice is obvious on one factor. Any donated Bitcoin have to be held for at the very least 5 years earlier than it may be offered or transferred.

The Treasurer must use chilly storage, maintaining non-public keys offline to scale back safety dangers.

There’s additionally a transparency layer. The state should publish reviews each two years protecting fund exercise, safety audits, and transactions.

State Coverage Joins Federal Momentum

Missouri just isn’t appearing alone. A number of states are racing to place themselves as crypto pleasant hubs. By making a authorized path to carry Bitcoin, lawmakers hope to draw expertise and capital.

The broader regulatory backdrop can also be shifting. Federal discussions round clearer crypto guidelines are gaining momentum, which might make state degree reserves simpler to broaden sooner or later.

Proper now, the invoice solely permits donation based mostly accumulation. But it surely units a precedent. If federal readability improves, that framework might develop.

If HB 2080 passes, Missouri turns into an early check case for placing decentralized belongings inside a state treasury system.

Uncover: Listed here are the crypto prone to explode!

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