In Missouri a strategic reserve in Bitcoin is proposed

In Missouri, the Republican representative Ben Keathley has introduced a bill to establish a strategic reserve in Bitcoin. Remember that currently both Houses are Republican.

Missouri and the Proposal to Add Bitcoin to the State’s Strategic Reserves

Missouri is one of those US states that is relatively favorable towards Bitcoin and the crypto sector

The State is in fact not known either for particularly opposing positions, nor for major initiatives in favor

However, it adopts legislation that is substantially favorable to the crypto sector, even though in the past its public institutions have expressed concerns regarding the risks associated with Bitcoin and cryptocurrencies.

Inoltre, ha adottato misure per regolare le attività di mining di criptovalute, ma queste misure richiedono essenzialmente alle società minerarie di registrarsi presso il Dipartimento del Commercio e di conformarsi a determinati standard ambientali.

It is in fact a balanced approach, which recognizes both the opportunities and the risks associated with the bull and bear crypto world.

However, the initiative of the mayor of Cool Valley remains curious, who in 2021 promised to give each of the 1,500 residents of the small town up to $1,000 in BTC, obligating them to hold it for several years. When the initiative was announced, a BTC was worth about $50,000, therefore in less than four years its market value has doubled.

The bill: Missouri wants Bitcoin as a reserve

The HB 1217 bill proposal would authorize the State of Missouri to hold Bitcoin as a reserve and to accept it for state payments.

It has been called Missouri Bitcoin Reserve Bill, and it has been presented to the State House of Representatives. In the Senate, in fact, another similar bill, SB 614, was already presented in recent weeks.

The bill HB 1217 presented by Keathley also stipulates that there is no explicit limit on investments, whereas SB 614 provides for a 10% limit, and that once BTC are purchased, they must be held for at least 5 years

È difficile dire quali possibilità abbia questo disegno di legge di essere approvato con il testo attuale

First of all, although the House and Senate of the State of Missouri are both majority Republican, the bill SB 614 in the Senate was introduced first, and if it were approved, it is reasonable to expect that the HB 1217 would be set aside.

Furthermore, it is not certain that the Republican majority will decide to support individual initiatives of individual members of parliament.

The consequences

Se il disegno di legge HB 1217 di Keathley viene approvato, verrebbe istituito un Fondo di riserva strategica di Bitcoin, supervisionato dal tesoriere di Stato e in grado di raccogliere donazioni in Bitcoin da enti governativi e residenti del Missouri.

Another interesting consequence would be that all government entities in Missouri would be forced to accept Bitcoin for uses approved by the Department of Revenue, such as tax payments, fees, fines, and other eligible payments

One of the most interesting consequences would in fact be the long-term hodl strategy

In fact, if such a law were to be approved, the treasurer will have to keep all the BTC collected for a minimum of five years from the date of receipt

Finally, investments in Bitcoin with state funds would also be authorized, granting the State treasurer the authority to invest in Bitcoin.

The proposed effective date is August 28, 2025, but it is subject to changes based on further discussions

Bitcoin as a reserve in other States

Since Donald Trump suggested the idea of creating a strategic reserve in Bitcoin at the national level, in many US states, bills have been introduced to do the same

In particolare, il disegno di legge HB 1217 di Ben Keathley prende spunto da una di queste proposte già presentata in altri stati, ossia il disegno di legge 230 dello Utah, già approvato dalla Camera e ora diretto al Senato.

On the website Bitcoin Laws there is a map of all the US States, where those in which legislative proposals have already been presented to establish strategic reserves in Bitcoin are colored orange: there are 17 compared to the total 50. If instead, the search is extended to all the States where crypto legislative proposals have been presented, the number reaches 25, which is about half