Missouri introduces bill to establish Bitcoin reserve 

The Missouri joins the trend of states embracing Bitcoin by presenting its own Bitcoin reserve bill, known as House Bill 1217.

The Missouri representative, Ben Keathley, presented the bill, seeking to establish a Bitcoin strategic reserve fund which would allow the Treasurer of the State to invest and keep Bitcoin.

THE InvoicePlaced on February 6, positions Bitcoin as coverage against inflation and aims to diversify the financial assets of the State.

The bill “creates the” bitcoin strategic reserve fund “and allows the treasurer of the State to receive, invest and have Bitcoin in certain circumstances”, according to the summary of the bill.

Under the proposed legislation, the treasurer of the Missouri would have the power to receive Bitcoin (BTC) by investments, gifts or donations from government entities and residents.

The bill also obliges that all government and local government agencies accept cryptocurrency for taxes, costs and fines, payers covering transaction costs.

In addition, the bitcoin acquired under this law would be held for at least five years.

The growing popularity of the Bitcoin state

Missouri’s decision follows an increasing trend among American states exploring the adoption of Bitcoin. Utah increases the Bill of Chamber 230, which would allow its treasurer to invest up to 5% of certain public funds in digital assets.

Nationally, at least 16 states are Considering currently Similar Bitcoin reserve initiatives, including OhioWyoming and New Hampshire.

If it is adopted, the Missouri Bitcoin Strategic Reserve Fund would take effect on August 28, 2025, unless other legislative changes occur.