Missouri Bitcoin Reserve Bill Advances to Committee Stage

According to BlockBeats, the Missouri Bitcoin Reserve Bill, HB1217, has been submitted to the House Special Committee on Governmental Affairs. This bill, part of the state-level Strategic Bitcoin Reserve (SBR) initiatives, has progressed to the committee stage six weeks after its introduction. Previously reported by BlockBeats, Missouri State Representative Ben Keathley introduced Bill 1217 on February 7. The proposal aims to establish a strategic Bitcoin reserve fund to diversify the state's investment portfolio. If enacted, the bill would permit the Missouri State Treasurer to receive, invest, and hold Bitcoin under specific circumstances.