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In a significant legislative move, Missouri State Representative Ben Keathley is championing House Bill 1217, which seeks to establish a Bitcoin Strategic Reserve Fund. This proposal represents an innovative approach to enhancing the state’s investment portfolio by integrating Bitcoin as a strategic asset. On February 6th, Keathley introduced the bill, emphasizing its potential to serve as a robust hedge against the erosion of purchasing power caused by fiat currency inflation. Should this legislation gain approval, it would empower the Missouri State Treasurer to receive, hold, and invest in Bitcoin under defined circumstances. This development highlights a growing recognition of cryptocurrency’s role in diversifying state assets and addressing contemporary economic challenges.
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