Missouri Proposes Bitcoin Reserve to Hedge Against Inflation
Missouri’s HB 1217 aims to create a Bitcoin reserve fund, allowing the state treasurer to invest in BTC and mandate crypto acceptance for payments.
- Missouri Rep. Ben Keathley introduces HB 1217 for a Bitcoin Strategic Reserve Fund.
- The bill allows the state treasurer to invest in Bitcoin.
- 17 US states are now discussing Bitcoin reserve strategies.
Missouri Pushes for a Bitcoin Strategic Reserve Fund
Missouri is making headlines with a bold legislative move toward Bitcoin adoption. Representative Ben Keathley has introduced HB 1217, a bill aimed at establishing a Bitcoin Strategic Reserve Fund. If passed, this bill could position Missouri as a leader in state-backed Bitcoin investments.
What HB 1217 Proposes
The proposed bill outlines two key initiatives:
- Bitcoin Investments – The state treasurer would be authorized to allocate funds into Bitcoin, creating a hedge against fiat currency inflation.
- Crypto Payments – Government entities within the state would be required to accept Bitcoin and other cryptocurrencies as valid forms of payment.
These provisions highlight Missouri’s proactive approach to integrating digital assets into its financial infrastructure.
Growing Trend Among US States
Missouri isn’t alone in its push for Bitcoin adoption. As of February 7, 2025, 17 out of 50 US states have initiated discussions on establishing Bitcoin strategic reserves. This growing trend signals a broader shift toward cryptocurrency as a legitimate financial asset within state economies.
What This Means for Crypto Adoption
If HB 1217 passes, it could pave the way for other states to follow suit, accelerating Bitcoin adoption at a government level. Investors and policymakers alike will be closely watching Missouri’s legislative progress, as it could set a precedent for nationwide adoption of digital assets in public finance.
