Missouri moves HB 2080 to create a Bitcoin Strategic Reserve Fund in the state treasury, giving the State Treasurer authority to receive, invest, and hold bitcoin under defined rules.

The bill would allow government entities to accept approved digital assets for taxes, fees, and other payments, and requires a biennial public report detailing fund activity.

This is a revived effort from a 2025 bill that failed in committee, with proponents arguing bipartisan support and Bitcoin as an inflation hedge.

The article includes related political context and cites external sources, with a disclaimer about the author's opinions.

Stakeholder notes include limits on accepting foreign entities or illegal activities and the option for the state to reject ineligible donors.

The broader trend shows federal programs facing bureaucratic delays, prompting states to act independently on financial strategy.

Industry context highlights approvals for stablecoin infrastructure, regulated custody banks, and a shift from experimentation to integrated digital asset infrastructure.

Security and oversight provisions call for cold storage, policy development, potential third-party custodians, and regular audits alongside biennial public reporting on holdings, value, transactions, and security.

Donor recognition provisions include certificates and public acknowledgment, with rules defining donor eligibility.

Initial market reaction was muted, with no immediate price impact tied to the bill’s advancement, though state-level developments could influence sentiment.

Conclusion: Missouri aims to reduce financial risk by allowing donations while building a digital asset fund, aligning with broader responses to federal delays.

Disclaimer: The Block operates as a crypto-focused outlet with disclosed affiliations and non-legal/financial advisory intent.