Missouri Moves to Establish Bitcoin Reserve with House Bill 1217

Missouri Moves to Establish Bitcoin Reserve with House Bill 1217

With the passage of House Bill 1217, a bill that will establish a Bitcoin Strategic Reserve Fund, Missouri is moving forward with its cryptocurrency plan. The bill was introduced by State Representative Ben Keathley and aims to give the state treasurer the authority to store and invest in Bitcoin (BTC) as a component of Missouri's financial holdings. Using Bitcoin as an Inflation Hedging Tool The law, which was filed on February 6, presents B...

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