State of Missouri advances bill to create Bitcoin strategic reserve fund

Bitcoin price punishes traders as 24-hour crypto liquidations pass $250M

Missouri lawmakers have advanced House Bill No. 2080, which proposes creating a state-run Bitcoin Strategic Reserve Fund that would direct state funds into Bitcoin as a reserve asset. This initiative follows similar efforts in states like New Hampshire and Arizona and is supported by Republican lawmakers who view it as a means to diversify state treasuries. The movement towards establishing Bitcoin strategic reserves has gained traction among U.S. states, partly due to federal encouragement under President Trump.

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