Missouri Advances Bill to Establish State Bitcoin Strategic Reserve

CN
3 hours ago

A bill proposing the creation of a bitcoin strategic reserve fund, House Bill 2080, has been formally referred to the Missouri House Commerce Committee. The move follows the 2025 stall of a similar initiative, HB 1217, which failed to clear the committee stage. The 2026 version arrives amid legislative successes for digital assets in states such as Texas and New Hampshire.

The bill, introduced by Rep. Ben Keathley, is set for a public hearing in the Commerce Committee, followed by potential markups and a committee vote before advancing to the House floor. Under the proposed legislation, a bitcoin strategic reserve fund would be established within the state treasury, designating the state treasurer as the sole custodian.

The fund’s capitalization strategy is twofold, allowing the treasurer to accept voluntary contributions such as gifts, grants and bequests of bitcoin from Missouri residents and other governmental entities. The bill also empowers the treasurer to use state funds for the direct investment, purchase and holding of bitcoin, treating the digital asset as a strategic hedge against inflation and currency devaluation.

To ensure the integrity and long-term viability of the reserve, the legislation imposes strict operational guardrails. A mandatory five-year holding period applies to any bitcoin entering the fund, during which time the assets cannot be sold, liquidated or converted. Furthermore, the bill mandates the use of cold-storage offline custodial solutions and authorizes the treasurer to contract with qualified, U.S.-based third-party entities for administrative and security oversight.

To mitigate risk, the bill explicitly prohibits transactions involving foreign nations, entities outside Missouri or parties associated with illicit activities. Transparency is a cornerstone of the 2026 proposal, requiring the treasurer to publish a biennial report by Dec. 31 of every even-numbered year detailing the fund’s U.S. dollar value, total bitcoin holdings and any security incidents.

The bill also proposes expanding bitcoin’s utility within the state’s borders by allowing governmental entities to accept Department of Revenue-approved cryptocurrencies for taxes, fees and fines. To maintain cost neutrality, agencies would be empowered to charge service fees to cover the technical costs associated with these digital asset transactions.

Missouri’s legislative push comes amid a flurry of cryptocurrency activity across the United States. At the start of February, the Arizona State Legislature advanced a similar reserve model that includes other assets like XRP, following an initial gubernatorial veto in 2025.

Meanwhile, proponents in Jefferson City argue that Missouri is uniquely positioned to lead this movement, citing the state’s recent efforts to eliminate capital gains taxes on bitcoin as a prerequisite for a thriving digital asset ecosystem.

  • What is HB 2080? It’s a Missouri proposal to create a state‑managed bitcoin strategic reserve fund.
  • Where is the bill now? The measure has been referred to the Missouri House Commerce Committee for hearings and markups.
  • Why does it matter regionally? Missouri joins states like Texas, New Hampshire, and Arizona in advancing digital asset legislation.
  • How would the reserve work? The treasurer could accept bitcoin contributions or invest state funds, with strict five‑year holding and cold‑storage rules.

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