Summary
- Missouri has referred HB 2080, a bill to designate Bitcoin (BTC) as a strategic reserve asset, to the House Commerce Committee.
- The bill would establish a 'Strategic Bitcoin Reserve Fund' within the state treasury.
- It stipulates that donated Bitcoin, not state budget funds, be held for at least five years in cold wallets, and defines Bitcoin as a decentralized asset.
A bill in the US state of Missouri to designate Bitcoin (BTC) as a strategic reserve asset has entered the legislative process.
On the 21st (KST), Bitcoin.com News reported on X (formerly Twitter) that “the Missouri Legislature has referred House Bill 2080 (HB 2080) to the House Commerce Committee.”
The bill calls for the establishment of a “Strategic Bitcoin Reserve Fund” within the state treasury.
However, rather than purchasing Bitcoin directly with state funds, it stipulates that donated Bitcoin be held for at least five years. The bill also defines Bitcoin as a decentralized asset with no central controlling authority and designates the state treasurer as the official custodian. Bitcoin held by the state government is to be kept in cold wallets.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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