{"id":36198,"date":"2025-02-07T12:00:09","date_gmt":"2025-02-07T09:00:09","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36198"},"modified":"2025-02-07T11:18:55","modified_gmt":"2025-02-07T08:18:55","slug":"missouri-moves-to-establish-bitcoin-reserve-fund","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/missouri-moves-to-establish-bitcoin-reserve-fund\/","title":{"rendered":"Missouri Moves to Establish Bitcoin Reserve Fund!"},"content":{"rendered":"<p><strong>Missouri Representative Ben Keathley<\/strong> has introduced <strong>House Bill 1217<\/strong>, proposing the establishment of a <strong>Bitcoin Strategic Reserve Fund<\/strong> to diversify the state&#8217;s investment portfolio and use <strong>Bitcoin (BTC)<\/strong> as a hedge against <strong>fiat currency inflation<\/strong>.<\/p>\n<p>According to the bill, the Missouri treasurer would be authorized to receive, invest, and hold Bitcoin under specific conditions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/missouri-moves-to-establish-bitcoin-reserve-fund\/#State_Payments_to_Accept_Bitcoin\" title=\"State Payments to Accept Bitcoin\">State Payments to Accept Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/missouri-moves-to-establish-bitcoin-reserve-fund\/#Bitcoin_HODL_Strategy\" title=\"Bitcoin HODL Strategy\">Bitcoin HODL Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/missouri-moves-to-establish-bitcoin-reserve-fund\/#Other_States_Are_Also_Moving_Towards_Bitcoin_Reserves\" title=\"Other States Are Also Moving Towards Bitcoin Reserves!\">Other States Are Also Moving Towards Bitcoin Reserves!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"State_Payments_to_Accept_Bitcoin\"><\/span>State Payments to Accept Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The bill also mandates that <strong>all government entities in Missouri accept cryptocurrency<\/strong> for approved uses, including taxes, fees, fines, and other eligible payments. However, transaction fees would be covered by the payees.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0194df48-acbe-7b65-b8ce-146715a6be81\" alt=\"bitcoin rezerv\" width=\"1100\" height=\"1526\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_HODL_Strategy\"><\/span>Bitcoin HODL Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Keathley\u2019s proposal requires that the <strong>state hold all Bitcoin collected for at least five years<\/strong> before making any transactions. This indicates a long-term investment strategy for Missouri.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>If passed, the bill would give <strong>the Missouri treasurer the authority to invest in, purchase, and hold Bitcoin using state funds<\/strong>. The proposed effective date for the bill is <strong>August 28<\/strong>, subject to further discussions.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0194df53-9177-75dd-989d-41fef53b9a00\" alt=\"bitcoin rezerv\" width=\"1126\" height=\"528\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_States_Are_Also_Moving_Towards_Bitcoin_Reserves\"><\/span>Other States Are Also Moving Towards Bitcoin Reserves!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Missouri\u2019s proposal follows similar initiatives in other states. <strong>Utah<\/strong>, through <strong>House Bill 230<\/strong>, has advanced legislation allowing up to <strong>5% of state public funds to be allocated to Bitcoin, major cryptocurrencies, and stablecoins<\/strong>.<\/p>\n<p>As of February 7, 17 out of 50 U.S. states have begun discussions on establishing Bitcoin strategic reserves.<\/p>\n<p><strong>Utah has made the most progress so far,<\/strong> with Arizona, Kentucky, New Hampshire, North Dakota, Wyoming, and South Dakota also considering similar measures.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0194df62-1f76-75a1-ae23-0d03ec3c1ecf\" alt=\"bitcoin rezerv\" width=\"1281\" height=\"703\" \/><\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Missouri Representative Ben Keathley has introduced House Bill 1217, proposing the establishment of a Bitcoin Strategic Reserve Fund to diversify the state&#8217;s investment portfolio and use Bitcoin (BTC) as a hedge against fiat currency inflation. According to the bill, the Missouri treasurer would be authorized to receive, invest, and hold Bitcoin under specific conditions. State<\/p>\n","protected":false},"author":28,"featured_media":34108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[61,9649,60,5384,2843,4672,11523,11524,11525,11423],"class_list":["post-36198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin","tag-bitcoin-reserve","tag-btc","tag-crypto-investment","tag-crypto-payments","tag-crypto-regulations","tag-missouri","tag-state-investments","tag-u-s-crypto-laws","tag-utah"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Missouri Moves to Establish Bitcoin Reserve Fund! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/missouri-moves-to-establish-bitcoin-reserve-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Missouri Moves to Establish Bitcoin Reserve Fund! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Missouri Representative Ben Keathley has introduced House Bill 1217, proposing the establishment of a Bitcoin Strategic Reserve Fund to diversify the state&#8217;s investment portfolio and use Bitcoin (BTC) as a hedge against fiat currency inflation. 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