Missouri State Representatives have proposed House Bill 2080 in the 103rd General Assembly to enact a Bitcoin Strategic Reserve Fund within Chapter 30 of the Revised Statutes of Missouri. This legislation, introduced by Representative Ben Keathley, will empower the State Treasurer to manage the Bitcoin Strategic Reserve Fund and digital asset management efforts throughout Missouri.
House Bill 2080 was referred to the House Commerce Committee on February 19 for consideration, where it will go through a public hearing, a vote by the committee, and possibly recommendations for amendments before being sent back to the House for debate and a final vote to pass it.
Regulatory Framework and Custody Requirements
House Bill 2080 proposes a change to Chapter 30, RSMo, with new Sections 30.1025, 30.1027, and 30.1030 regarding cryptocurrency regulation. The bill specifically defines Bitcoin as a decentralized digital currency operating on a peer-to-peer network without a central controlling authority. The legislation also defines cryptocurrency as a virtual currency protected by cryptography and distributed ledger technology.
A central provision mandates cold storage custody for all Bitcoin reserves. Private keys are required to be stored offline in physically secure settings for at least five years. The bill states that reserve assets derived from gift or grant funds would not be taxable, with applicable transaction fees still being regulated under existing state laws.
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Bitcoin Bill Advances Through Missouri Legislature
The bill requires that the State Treasurer provide biennial public reports on the total amount of Bitcoin reserves, custody arrangements, and security measures. The bill requires audits and establishes custody policies to ensure the functional integrity of the reserve and adherence to state and federal regulations on digital assets and public funds management.
Strict safeguards prohibit foreign or unlawful participation in the reserve. Only legal contributions from confirmed Missouri residents would be accepted. The bill also allows the reserve to work with approved U.S.-based cryptocurrency companies for custody and infrastructure assistance, with state agencies required to accept authorized cryptocurrency payments as applicable.
House Bill 2080 was prefilled on December 1, 2025, and had its first and second readings in January 2026, being sent for committee review. On February 19, a proposed effective date of August 28, 2026, was introduced by legislators. If enacted, Missouri would join several states in formalizing Bitcoin integration into public financial strategy.
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