Missouri lawmakers advance new Bitcoin strategic reserve bill

A similar bill proposing a Bitcoin Strategic Reserve was introduced in February last year, but failed to advance past the committee stage.

US lawmakers in Missouri advanced a revived Bitcoin strategic reserve bill last week, sending it to the House Commerce Committee as part of the next step in the legislative process.

House Bill 2080 was referred to the House Commerce Committee on Feb. 19 for review, where it will undergo a public hearing, a committee vote and potentially receive recommendations for changes before returning to the House for debate and a final vote to pass it through the chamber.

Missouri Representative Ben Keathley introduced House Bill 2080 in January, which proposes allowing the state treasurer to “invest, purchase, and hold cryptocurrency using state funds,” according to the legislation’s summary.

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