Missouri Bitcoin Strategic Reserve Bill Advances to Committee
Missouri’s proposed Bitcoin Strategic Reserve legislation has taken a procedural step forward, advancing to the House Commerce Committee for review.
House Bill 2080 would establish a dedicated reserve fund allowing the state treasurer to hold Bitcoin donations for a minimum of five years. The committee will now examine the proposal before deciding whether it moves to a full House floor vote.
What HB 2080 Proposes
The bill creates a “Bitcoin Strategic Reserve Fund” within the state treasury. Under the proposal, the fund would consist of donated Bitcoin rather than direct taxpayer purchases.
Key provisions define Bitcoin as a decentralized digital asset operating without central authority, outline custody requirements, and specify that the state treasurer would act as custodian of the reserve.
The legislation also references cold storage standards and digital asset management practices, signaling a focus on secure handling of any Bitcoin held by the state.
Five-Year Holding Requirement
A notable feature of the bill is the requirement that donated Bitcoin be held for at least five years. This structure suggests a long-term reserve approach rather than short-term trading or speculative activity.
By limiting the reserve to donated assets, the proposal avoids direct state budget allocation for Bitcoin acquisition, at least in its current form.
Next Steps
The House Commerce Committee will review HB 2080 and determine whether to send it to the full House for debate and vote.
If enacted, Missouri would join a growing list of U.S. states exploring Bitcoin reserve frameworks, reflecting broader institutional and governmental experimentation with digital asset treasury strategies.
For now, the bill remains in the review stage, with its ultimate path dependent on committee approval and subsequent legislative support.
The post Missouri Bitcoin Strategic Reserve Bill Advances to Committee appeared first on ETHNews.
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