Missouri Lawmakers Advance Bitcoin Reserve Bill

Missouri lawmakers have advanced House Bill 2080, which proposes allowing the state treasurer to invest in, purchase, and hold Bitcoin using state funds. The bill, referred to the House Commerce Committee, also permits the treasurer to accept gifts and donations to fund this reserve. The legislation authorizes the state to store BTC for five years, after which it can be sold or converted. Transactions with foreign entities are prohibited. Furthermore, the bill suggests allowing government entities to accept approved cryptocurrency for citizens paying taxes, fees, or fines. A similar bill failed last year, but if HB 2080 passes the House and Senate, it will head to Governor Mike Kehoe for signature or veto, with a proposed effective date of August 28.

(Source：Cointelegraph)