Missouri State Representative Ben Keathley has introduced a bill, HB 1217, to create a Bitcoin Strategic Reserve Fund in the state. The bill would allow the state treasurer to receive, invest, and hold Bitcoin under certain circumstances. This follows a similar move in Maryland, where a state delegate introduced the Strategic Bitcoin Reserve Act of Maryland. These bills indicate growing institutional interest in Bitcoin at the state level and could set a precedent for other U.S. states to follow. The trend of establishing Bitcoin reserves is driven by concerns over inflation and the long-term stability of the U.S. dollar, as states aim to create a hedge against economic uncertainty and diversify their financial holdings.



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