Overview
- HB 2080 would create a Bitcoin Strategic Reserve Fund empowering the state treasurer to accept donations and to invest, purchase, and hold bitcoin with state funds.
- Any bitcoin placed in the fund must be kept in cold storage and held for at least five years before it can be sold, transferred, or converted.
- The proposal authorizes Missouri government entities to accept Department of Revenue–approved cryptocurrencies for taxes, fees, fines, and other obligations.
- The treasurer must use secure custody practices, may contract qualified U.S.-based crypto firms, and must publish biennial public reports detailing holdings, valuations, transactions, and security incidents.
- The bill is pending a public hearing and committee vote, includes restrictions on foreign-party transactions, and carries a proposed effective date of Aug. 28, 2026 if enacted.