A proposed bill that would not only allow state investments in Bitcoin but also protect the right to mining and self-custody.
With Senate Bill SB 614, Missouri joins the growing list of U.S. states that have introduced legislation to explore Bitcoin adoption at the state level. The proposal would allow the state to invest up to 10% of public funds in digital assets. The Missouri State Treasurer’s funds total approximately $18 billion, meaning the potential investment could reach a maximum of $1.8 billion.
This bill stands out from others by introducing protections for industry participants. Specifically, it enshrines the right to self-custody, ensuring that Missouri residents can retain full control over their digital assets without government interference. It also provides legal protection for Bitcoin mining activities. Additionally, the bill establishes that Bitcoin nodes are exempt from the requirement to obtain a money transmitter license.
The proposal now awaits review by the Missouri State Senate.
