Well, slap my saddle and call me a cowboy, Missouri’s at it again! Those wacky lawmakers have rustled up a Bitcoin reserve bill that’ll let the state treasurer accept “gifts, grants, donations, bequests, or devises of bitcoin” from good ol’ Missouri folks or some fancy governmental entity. Yeehaw, it’s like a digital gold rush, but with fewer horses and more hard drives!
- HB 2080: The Bitcoin Hoard Act, funded by your grandma’s crypto stash.
- Bitcoin must chill in cold storage for five years-no touching, no peeking, no “HODLing” jokes allowed.
Rep. Ben Keathley, the crypto cowboy himself, lassoed this bill into existence last month. It’s now moseying its way through the House Commerce Committee, where it’s waiting for its close-up-or at least a committee hearing. Will it pass? Stay tuned, folks, it’s more exciting than a pie-eating contest at a county fair!
According to the official paperwork (which I’m sure is written in Comic Sans for extra fun), the bill aims to create a “Bitcoin Strategic Reserve Fund.” But wait, there’s more! The state treasurer can also “invest, purchase, and hold cryptocurrency using state funds.” It’s like giving your kid a credit card and saying, “Go wild, but only buy digital coins!”
All that sweet, sweet Bitcoin will be locked up tighter than a drum in cold storage for at least five years. After that, it’s open season-transfer, sell, appropriate, or even swap it for another crypto. It’s like a digital garage sale, but with higher stakes!
And get this: the treasurer can hire a “qualified, independent, United States-based third-party cryptocurrency entity” to keep everything secure. Because nothing says “trust” like a third party with a mouthful of a name. Plus, they’ll publish a biennial report-because who doesn’t love a good report every other year?
Once this bill clears the committee, it’s off to the full House chamber for a debate that’ll make the Hatfield-McCoy feud look like a tea party. If it passes, it’ll head to the Senate for more fun and games. Democracy in action, baby!
HB 2080 is the sequel to last year’s HB 1217, which tragically died in committee. But like a phoenix rising from the ashes-or a bad idea that won’t go away-it’s back and better than ever. This time, it’s been sent to the House Commerce Committee instead of the Special Committee on Intergovernmental Affairs, where it previously bit the dust.
If this bill passes, Missouri will join the likes of Texas, New Hampshire, and Arizona in the “States with a Bitcoin Reserve Club.” Texas and New Hampshire are living on the edge with direct public fund investments, while Arizona’s playing it safe with seized assets. Missouri? They’re just happy to be invited to the party.
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2026-02-23 12:34