The post In Missouri proposta una riserva strategica in Bitcoin appeared on BitcoinEthereumNews.com.

In Missouri, the Republican representative Ben Keathley has introduced a bill to establish a strategic reserve in Bitcoin. Remember that currently both Houses are Republican. Missouri and the Proposal to Add Bitcoin to the State’s Strategic Reserves Missouri is one of those US states that is relatively favorable towards Bitcoin and the crypto sector.  The State is in fact not known either for particularly opposing positions, nor for major initiatives in favor.  However, it adopts a legislation that is substantially favorable towards the crypto sector, even if in the past its public institutions have expressed concerns regarding the risks associated with Bitcoin and criptovalute.  Additionally, it has adopted measures to regulate mining crypto activities, but these measures essentially require mining companies to register with the Department of Commerce and comply with certain environmental standards. It is in fact a balanced approach, which recognizes both the opportunities and the risks associated with the bull and bear crypto world. However, the initiative of the mayor of Cool Valley remains curious, who in 2021 promised to give each of the 1,500 residents of the small town up to $1,000 in BTC, obligating them to hold it for several years. When the initiative was announced, a BTC was worth about $50,000, therefore in less than four years its market value has doubled.  The bill: Missouri wants Bitcoin as a reserve The HB 1217 bill proposal would authorize the State of Missouri to hold Bitcoin as a reserve and to accept it for state payments. It has been called Missouri Bitcoin Reserve Bill, and it has been presented to the State House of Representatives. In the Senate, in fact, another similar bill, SB 614, was already presented in recent weeks. The bill HB 1217 presented by Keathley also stipulates that there is no explicit limit…

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Filed under: News - @ February 7, 2025 12:24 pm