Yes

>>Missouri moves the Bitcoin reserve legislation forward to the House committee as part of a policy drive.

Missouri moves the Bitcoin reserve legislation forward to the House committee as part of a policy drive.

crypthub

about 6 hours ago

Bill Progress and Objectives

Missouri House Bill 2080 was sent to the House Commerce Committee on Feb 19, seeking to create a state‑run Bitcoin Strategic Reserve Fund. Sponsored by Rep. Ben Keathley, it follows a similar proposal that failed in 2025. The measure would place Missouri alongside Arizona and Texas in the push for crypto‑friendly state finance.

Funding and Holding Rules

The State Treasurer may custody Bitcoin for a minimum of five years, using only private gifts or grants and no taxpayer money. All donated coins must remain in cold storage and cannot be sold or transferred before the holding period ends. The treasurer must publish bi‑annual reports covering fund activity, security audits, and transactions.

Implementation Timeline and Rationale

If approved, the reserve is slated to become operational by Aug 28 2026. Proponents describe it as a long‑term hedge against federal inflation rather than a reaction to short‑term price moves. Recent outflows from spot Bitcoin ETFs indicate cooling short‑term institutional demand.

State and Federal Landscape

Missouri’s effort joins a broader Republican‑led race to attract crypto talent and capital. Ongoing federal discussions about clearer crypto regulations could facilitate future expansion of state reserves. HB 2080 thus serves as an early test case for embedding decentralized assets in a state treasury.