Missouri Revives Bitcoin Reserve Fund Proposal in State Legislature

Missouri lawmakers have introduced House Bill 2080, which aims to establish a Bitcoin Strategic Reserve Fund within the state treasury. The bill would allow the State Treasurer to receive, invest, and hold bitcoin under defined conditions, creating a formal structure for state custody of digital assets.

The proposal would also grant authority to purchase cryptocurrency using state funds and require government entities to accept approved digital assets for taxes, fees, and other payments. Additionally, it would direct the Treasurer to develop policies and protocols to secure the reserve, including cold storage and other digital-asset management practices designed to protect state holdings.

The bill would also require regular audits to ensure transparency and oversight, with a biennial public report detailing total bitcoin holdings, equivalent U.S. dollar value, growth since the previous report, transactions, security threats, and amounts eligible for transfer or conversion after five years.