Comment by Karakunjol on 01/02/2025 at 14:07 UTC

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View submission: U.S State, Missouri Proposes Bitcoin Reserve Bill with 10% Fund Allocation for Bitcoin

Via GPT:

"Missouri Senate Bill 614, introduced on January 23, 2025, proposes new provisions relating to digital assets. While the specific details of the bill are not fully outlined in the available summaries, there are indications that it may allow the state to allocate up to 10% of public funds into digital assets such as Bitcoin. 

Given that Missouri’s state budget for Fiscal Year 2025 is approximately $53.7 billion, a 10% allocation would amount to about $5.37 billion. However, it’s important to note that the bill is still in the early stages of the legislative process, and the exact provisions and potential allocations are subject to change as it moves through the Senate.

For the most accurate and up-to-date information, I recommend consulting official Missouri legislative resources or contacting a state representative."

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