Missouri Advances Bitcoin Strategic Reserve Bill

[etfs]

Lawmakers in Missouri have moved forward with a revived Bitcoin strategic reserve proposal, sending House Bill 2080 to the House Commerce Committee for review on Feb. 19.

Introduced in January by State Representative Ben Keathley, the bill would authorize Missouri’s state treasurer to invest, purchase and hold Bitcoin using state funds. It also allows the treasurer to accept gifts, grants and donations from residents or government entities to support the reserve.

Under the proposal, Bitcoin could be stored for up to five years before being transferred, sold or converted into another digital asset. Transactions involving foreign countries or entities outside Missouri would be prohibited.

The legislation further proposes allowing state agencies to accept approved cryptocurrencies for taxes, fees, fines and other payments.

If approved by the committee and passed by the House, the bill would move to the Senate before potentially landing on Governor Mike Kehoe’s desk for final approval. The proposed effective date is Aug. 28.

[cryptohog]

accepting crypto for fines is wild imagine getting a speeding ticket payable in sats