HB594

Bitcoin
2026-07-04 06:30:14

Missouri Advances Second Attempt to Establish State Bitcoin Reserve

Missouri’s HB 2080 would create a state Bitcoin Strategic Reserve Fund, authorize the treasurer to acquire and hold bitcoin under statutory rules, require cold storage and a five-year holding period, and allow certain state payments in cryptocurrency. The proposal follows a failed 2025 effort and comes after Missouri eliminated state capital gains taxes for individuals.

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Missouri Advances Second Attempt to Establish State Bitcoin Reserve
Bitcoin
2026-07-03 01:00:14

Missouri Advances Second Bitcoin Strategic Reserve Bill, With Capital Gains Tax Repeal Already in Effect

Missouri Representative Ben Keathley has introduced HB2080, a second attempt to establish a state Bitcoin Strategic Reserve Fund. The bill mandates cold storage and a five-year minimum holding period, with voluntary contributions as the primary funding source. Meanwhile, Missouri has already become the first U.S. state to fully repeal individual state capital gains taxes, effective January 1, 2025, covering gains from cryptocurrencies, stocks, and real estate. These two moves highlight Missouri's proactive stance toward cryptocurrency adoption and regulation.

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Missouri Advances Second Bitcoin Strategic Reserve Bill, With Capital Gains Tax Repeal Already in Effect
Missouri
2026-07-03 00:45:14

Missouri Bill Would Be First to Fully Eliminate Capital Gains Tax on Bitcoin Spending

Missouri's House Bill 594, which would eliminate state-level capital gains taxes on Bitcoin spending or sales, has passed the House and awaits Governor Mike Kehoe's signature. Unlike Rhode Island's bill that caps monthly exemptions at $10,000, HB594 grants a 100% deduction on capital gains reported federally, altering federal adjusted gross income for state purposes. If signed, Missouri would become the first income-tax state to exempt all capital gains from crypto transactions, though the move would reduce state revenue by nearly $300 million annually amid public school underfunding. The bill reflects a broader national push for tax relief, with President Trump also proposing income tax elimination for earners under $200,000.

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Missouri Bill Would Be First to Fully Eliminate Capital Gains Tax on Bitcoin Spending