Missouri Advances Second Attempt to Establish State Bitcoin Reserve

Missouri House Bill 2080, introduced by Representative Ben Keathley, has been sent to the House Commerce Committee, marking the second attempt to establish a state Bitcoin reserve after a 2025 effort failed.

The proposal would authorize the state treasurer to acquire, hold, and manage Bitcoin, primarily through gifts, grants, and donations from Missouri residents and entities, though state fund purchases are also authorized. Any acquired Bitcoin must be held in cold storage for a minimum of five years before it can be sold or transferred. The bill legally defines Bitcoin and cold storage, mandates custody policies, requires biennial public reporting, and allows state agencies to accept cryptocurrency for taxes and fees.

This legislative move follows Missouri's recent success in eliminating state capital gains taxes on asset sales, including cryptocurrency, effective January 1, 2025, making it the first state to fully repeal state income taxes on capital gains for individuals.

(Source：Bitcoin Magazine)