According to recent updates from COINOTAG News, the Bitcoin Reserve Bill, designated as HB1217, has been forwarded to the House Committee on Government Affairs in Missouri. This marks a critical phase for the proposed legislation, which aims to enhance the state’s financial strategies through the inclusion of cryptocurrencies. Introduced on February 7th by State Representative Ben Keathley, the bill seeks to establish a Bitcoin Strategic Reserve Fund. The initiative highlights a growing trend among states to incorporate digital assets into their investment frameworks. If successfully passed, the legislation will empower the Missouri State Treasurer to “receive, invest, and hold bitcoin,” potentially reshaping the state’s fiscal landscape. The committee review process is a significant step in determining the bill’s future viability in advancing the state’s investment portfolio.
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