Missouri lawmakers are pushing Bitcoin into the state's financial system. House Bill 2080 cleared a House committee in a 6–2 vote and earned a "Do Pass" recommendation. If enacted, the law would let Missouri hold Bitcoin in a state-managed fund and accept cryptocurrency for tax payments.
HB2080 Passes Committee, Defines Cold Storage and Custody
The bill's aim: create a safe and organized framework for the state to handle digital currencies. It defines Bitcoin as a decentralized digital currency, explains "cold storage" as an offline method to protect assets from hacks, and defines "custody" to describe how the state treasury would securely manage these assets.
Bitcoin Strategic Reserve Fund: Treasurer Oversees Donations
HB2080 establishes a Bitcoin Strategic Reserve Fund—a dedicated pool for Bitcoin donations. The state treasurer will oversee the fund and authorize disbursements under existing regulations. Missouri positions itself as a pioneer in regulated crypto treasury management.
Zero Capital Gains Tax: Missouri Lures Blockchain Firms
Separately, House Bill 594, effective January 1, 2025, eliminates state taxes on Bitcoin capital gains. Residents can claim a 100% deduction on gains from digital assets. According to the Missouri Department of Revenue, the state leads the nation in full crypto tax relief. Lawmakers aim these incentives to attract blockchain startups, fintech businesses, and investors. "Missouri seeks to help grow the growing crypto economy," supporters said.