Missouri’s House Commerce Committee voted 6 to 2 to advance HB 2080, a bill that would create a formal Cryptocurrency Strategic Reserve Fund under the state treasury. The bill passed with a “Do Pass” recommendation and now heads to a full House floor vote.

Sponsored by Representative Keathley, the bill authorizes the state treasurer to acquire, hold, and manage five cryptocurrencies: Bitcoin, Ethereum, Solana, Ripple XRP, and USDC. Assets held in the fund must remain in custody for a minimum of five years before any sale, transfer, or conversion is permitted.

State Treasurer Gets Broad Crypto Authority

According to the bill text, the treasurer is also authorized to use state funds to invest, purchase, and hold digital assets directly. That goes beyond accepting donations — it opens a direct state spending channel into crypto markets. All assets must be stored using cold storage and secure custodial technologies, with regular audits required.

The bill also opens up tax payment infrastructure. Governmental entities across Missouri would be required to accept digital assets — approved by the Department of Revenue — for taxes, fees, fines, and other state obligations.

On X, @TheRealTRTalks flagged the development, writing that Missouri is now building a “strategic crypto reserve,” adding:

“From banning fears to balance sheet integration. Game is changing.”

Five-Year Lock and Foreign Transaction Ban

The committee summary notes that transactions involving foreign countries or individuals outside Missouri are explicitly prohibited. The treasurer may contract with a U.S.-based third-party digital asset entity to oversee fund security.

Proponents told the committee the bill would diversify the state’s investment portfolio and modernize how Missouri manages public funds. No opposition was formally voiced during the committee hearing.

The fund’s structure includes a biennial reporting requirement, with the treasurer publishing a public report each even-numbered year detailing asset holdings, dollar-equivalent value, fund growth, and any security threats. That report goes to the General Assembly.

Missouri’s move places it alongside a growing group of states exploring crypto as a public reserve instrument. HB 2080 is similar to HB 1217, introduced in 2025, though that bill did not advance as far.

A full House vote is the next step. If passed, the bill still requires voter approval of a constitutional amendment before it takes full effect.