Missouri Lawmakers, the state’s legislative body responsible for creating state laws, are going to establish a Bitcoin ($BTC) strategic reserve inside the state treasury. For this, House Bill 2080 (HB 2080) was brought by Ben Keathley (R-101) in the 103rd General Assembly. This bill was basically referred to the House Commerce Committee. The core purpose of this step is to ensure the security of Bitcoin ($BTC) in the state treasury without paying any tax.
HB 2080 would create a Bitcoin Strategic Reserve Fund with the intention of increasing confidence in it and successfully reserve without paying tax. The Fund would grow through gifts, grants, and donations to avoid taxation on its reserves. CryptoRus, a famous, independent cryptocurrency news, education, and analysis platform, has released this news through its official social media X account.
Missouri Bill Defines Bitcoin, Cold Storage, and Cryptocurrency Framework
There are certain amendments proposed by House Bill No. 2080 to Chapter 30, RSMo, which include the addition of three new sections relating to cryptocurrency. These sections are known by the names 30.1025, 30.1027, and 30.1030. This Bill emphasizes: Bitcoin ($BTC), the decentralized digital asset created by a peer-to-peer network, which functions with no pivotal authority or banks.
The next one is cold storage, a method of storing private keys required to transact in Bitcoin ($BTC), with a connection to a secure physical location. In addition, the third point is on the nature of cryptocurrency. It is a type of virtual currency that utilizes cryptography to secure transactions that are digitally recorded on a distributed ledger.
Missouri House Bill No. 2080 Mandates Five-Year Cold Storage for Bitcoin Reserves
Missouri’s HB 2080 Bill also focused on the custody and storage perspective, which states that all $BTC must be stored in cold storage for at least five years before any movement. Bitcoin ($BTC) reserves must be tax-free or any other fees, while other direct transactions will be charged with a tax fee. Fund assets should be collected in terms of gifts, grants, and donations, in order to avoid tax.
There are also strict rules made to confirm the security, such as custody policies, audits, and biennial reporting. This system will bring a sense of confidence and boost the interest level in the users, and improve the quality of services. For the First and second time, prefiled on December 1, 2025, reading in Jan 2026 referred to committee, and on February 19, proposed an effective date of Aug 28, 2026.
Source: https://blockchainreporter.net/missouri-lawmakers-advance-bill-to-build-a-bitcoin-strategic-reserve/
