Missouri just put Bitcoin on the state treasury's table. House Bill 2080, introduced by Representative Keathley in the 103rd General Assembly, proposes creating a formal Missouri Bitcoin reserve inside the state treasury. This isn't a proposal about studying crypto. It's a full legislative framework.
The bill calls for three new sections under Chapter 30 of Missouri Revised Statutes. Section 30.1025 sets up the Bitcoin Strategic Reserve Fund. The state treasurer would serve as custodian.
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What the Missouri Bitcoin Reserve Actually Demands
Bitcoin held under this fund cannot be touched for five years. That holding rule is strict. After the mandatory period, the treasurer may sell, transfer, or convert it to another cryptocurrency.
The bill also lets Missouri residents donate Bitcoin directly to the state. All donations, bequests, and gifts accepted from eligible Missouri residents are locked in under the same five-year custody rule. The treasurer can even issue certificates of acknowledgment to donors.
Cold storage is required. The bill's language mandates secure custodial technologies and best practices for digital-asset protection. A US-based third-party crypto entity may be contracted to help manage the fund's security.
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The state treasurer must prohibit all transactions with foreign entities or individuals outside Missouri. Any individual or organization found engaging in illegal activities gets cut out entirely. Audits are required regularly.
Biennial reports are mandatory too. Before December 31 of every even-numbered year, the treasurer must publish the total Bitcoin held, its dollar value, fund growth, any transactions, security threats encountered, and the amount eligible for conversion after the five-year lock-up.
Crypto Accepted for Taxes. Seriously.
Section 30.1030 goes further. Every government entity in Missouri would be required to accept cryptocurrency for taxes, fees, fines, assessments, and other payments. The Department of Revenue must approve which cryptocurrencies qualify. Service fees from crypto transactions can be passed to the payer.
This part of the bill changes daily interaction with government. Not just investing state funds in Bitcoin but accepting it for parking tickets and property tax bills.
Section 30.1027 grants the state treasurer authority to invest, purchase, and hold cryptocurrency using state funds directly. No additional legislative approval needed per transaction.
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Missouri is not operating in a vacuum here. States like Arizona and Utah have explored similar Bitcoin reserve legislation in recent months. The full bill text is publicly available through Missouri's House document tracking system. The Missouri Bitcoin reserve push comes as federal-level crypto policy continues shifting under the current administration, with crypto-friendly bank approvals already making headlines.
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The bill includes a rulemaking clause. Any rules created under Section 30.1025 must comply with Chapter 536 and take effect only if constitutional review procedures remain intact. If those review powers are struck down after August 28, 2026, all rulemaking authority tied to this section becomes void.
