Missouri in the US sends 'Bitcoin Strategic Reserve Fund' bill to standing committee
Summary
- The US state of Missouri’s “Bitcoin Strategic Reserve Fund” bill (HB2080) has advanced to the review stage in a House standing committee.
- If passed, the state treasurer would be granted authority, under certain conditions, to receive, invest in, and hold Bitcoin.
- It said the move is an attempt to establish an institutional framework for adding Bitcoin as a strategic asset at the state-government level.
A bill in the US state of Missouri to create a “Bitcoin Strategic Reserve Fund” has advanced to the review stage in a House standing committee.
According to Cointelegraph on the 22nd (local time), Missouri House Bill HB2080 is set to be examined by the House Commerce Committee. If enacted, the state treasurer would be granted authority, under certain conditions, to receive, invest in, and hold Bitcoin.
The development is drawing attention as an attempt to establish an institutional framework for incorporating Bitcoin as a strategic asset at the state-government level. With some US state governments recently moving to consider Bitcoin as a reserve asset or for treasury management, attention is also turning to the trajectory of Missouri’s legislation.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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