Missouri is taking a bold step toward Bitcoin adoption, introducing House Bill 1217, a legislative proposal aimed at creating a Bitcoin Strategic Reserve Fund. This initiative reflects the growing trend of U.S. states exploring cryptocurrency investments as part of their financial strategy.

Missouri’s Bitcoin Strategic Reserve Fund

A hedge against inflation and financial diversification
Proposed by Representative Ben Keathley, House Bill 1217 would empower the state treasurer to invest in and hold Bitcoin, positioning it as a hedge against inflation and a means to diversify Missouri’s financial holdings. The bill states that the treasurer could acquire Bitcoin through investments, gifts, or donations from government entities and residents.

Crypto Payments for Taxes and Fees

Missouri moves toward broader crypto adoption
One of the most ambitious provisions in the bill mandates that state and local government agencies must accept cryptocurrency for taxes, fees, and fines. However, those making crypto payments would be required to cover transaction costs associated with these digital transactions.

Additionally, Bitcoin acquired under this legislation would need to be held for a minimum of five years, ensuring a long-term approach to its strategic value.

The Growing Trend of State-Level Bitcoin Adoption

Missouri follows in the footsteps of other crypto-friendly states
Missouri is not alone in its push toward state-backed Bitcoin reserves. Utah is advancing House Bill 230, which would allow its treasurer to invest up to 5% of certain public funds in digital assets. Across the U.S., at least 16 states, including Ohio, Wyoming, and New Hampshire, are considering similar initiatives aimed at integrating Bitcoin into state financial strategies.

What’s Next for Missouri’s Bitcoin Reserve Bill?

Potential impact and future developments
If approved, Missouri’s Bitcoin Strategic Reserve Fund would go into effect on August 28, 2025, unless further legislative changes occur. This move could set a precedent for other states, pushing Bitcoin further into mainstream adoption at the government level.

With state treasurers exploring digital assets as a financial tool, Missouri’s bill signals a growing confidence in Bitcoin as a store of value, potentially shaping future regulatory frameworks for cryptocurrency adoption in the U.S.

Missouri’s