A similar effort last year failed to make it out of committee
Missouri lawmakers are taking another step toward creating a state-level Bitcoin reserve. House Bill 2080 was recently sent to the Missouri House Commerce Committee for review. The referral moves the proposal further along in the legislative process after its introduction earlier this year.
The bill was filed by Rep. Ben Keathley in January. It would allow the state treasurer to invest in and hold cryptocurrency using public funds. The measure outlines guidelines for how digital assets could be acquired and managed on behalf of the state.
Under the proposal, the treasurer could also accept donations, grants, or gifts to help build the reserve. Bitcoin acquired through the program could be held for up to five years. After that period, the assets could be sold, transferred, or converted into another approved token.
The legislation restricts transactions involving foreign governments or entities located outside of the Show Me State. Another section would permit certain government agencies to accept approved cryptocurrencies for payments such as taxes, fines, and fees. The Department of Revenue would determine which digital assets qualify.
If the committee advances the bill, it would return to the full House for debate and a vote. Approval there would send it to the Missouri Senate for further consideration. The final step would be reviewed by Mike Kehoe, who could sign or veto the measure.
Supporters hope this revived version gains more traction as states continue exploring digital asset policies. The proposed effective date for the bill is late August, if it clears all legislative hurdles.
