Kentucky and Missouri Propose Bitcoin Reserve Legislation
- Kentucky is the 16th state to propose legislation for a Bitcoin reserve.
- Kentucky’s KY HB376 allows up to 10% of excess state reserves in digital assets.
- Eligible digital assets must have a market cap over $750 billion; only Bitcoin qualifies.
- Missouri’s House Bill 1217 allows Bitcoin for state payments, its second such proposal.
- The Kentucky bill excludes Central Bank Digital Currencies for tax payments.
Kentucky and Missouri have introduced bills to establish Bitcoin reserves, joining other states like Arizona and Texas. Kentucky’s proposal permits investment of up to 10% of excess reserves in digital assets, while Missouri’s bill focuses on using Bitcoin for state payments.
Source (2.6)https://cryptobriefing.com/state-crypto-reserves-adoption/?rand=59535
