The state of Missouri is advancing in Bitcoin adoption by introducing a bill to create a strategic reserve fund for cryptocurrency investment.
Legislative Initiative
Missouri Representative Ben Keathley introduced a bill aimed at establishing a Bitcoin Strategic Reserve Fund to enable the state treasurer to invest in and hold Bitcoin.
Bill Requirements
Under the proposed bill, the Missouri treasurer could receive Bitcoin through investments, gifts, or donations. All state and local agencies would be required to accept cryptocurrency for the payment of taxes and fines. Bitcoin acquired under this law would be held for a minimum of five years.
Bitcoin’s Popularity in the U.S.
Missouri's move aligns with a trend among states considering Bitcoin adoption. Utah is advancing legislation to allow up to 5% investment in digital assets. At least 16 states are currently exploring similar initiatives, including Ohio, Wyoming, and New Hampshire.
If passed, Missouri's Bitcoin Strategic Reserve Fund would take effect on August 28, 2025, unless further legislative changes occur.
