Missouri Advances Bill to Include XRP in State-Managed Crypto Reserve

A new legislative push in Missouri is proposing to place XRP alongside major digital assets like Bitcoin, Ethereum, Solana, and USDC in a state-managed reserve.

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The House Committee Substitute for HB 2080, sponsored by Representative Ben Keathley, has advanced with a “Do Pass” recommendation after clearing the Commerce Committee in a 6–2 vote. The bill proposes the creation of a crypto Strategic Reserve Fund.

• Missouri advances bill to include XRP in a state-managed crypto reserve alongside Bitcoin and Ethereum.
• HB 2080 would allow the State Treasurer to buy, hold, and manage crypto assets for long-term strategy.
• The proposal enables USDC payments for taxes and fees, expanding real-world crypto use in state systems.
• XRP’s inclusion signals rising institutional adoption as governments explore digital asset reserves.

Under the bill, XRP is among the digital assets that the State Treasurer can accept, hold, and manage. The fund would allow the state to receive crypto through donations, grants, or transfers from residents and government entities.

The Treasurer would also have authority to:

• Purchase and invest in cryptocurrencies using state funds
• Store digital assets for a minimum of five years
• Later sell, convert, or allocate those holdings as needed

This positions XRP not just as a speculative asset, but as part of a long-term state reserve strategy, similar to how governments traditionally manage gold or foreign currencies.

Beyond reserves, the legislation introduces real-world utility for digital assets. Government entities across Missouri would be authorized to accept USDC for payments, including taxes, fees, and fines, subject to approval by the Department of Revenue.

The bill also outlines strict compliance measures:

• Prohibits transactions tied to foreign or illegal entities
• Allows partnerships with third-party custodians for security
• Requires biennial transparency reports from the Treasurer

Ultimately, the initiative will help Missouri diversify its investment portfolio and modernize its financial infrastructure. Interestingly, there was no opposition voiced during committee hearings, reflecting rising acceptance of crypto at the policy level.

For XRP, inclusion in a government-managed reserve adds another layer to its evolving narrative as an asset tied to institutional and public-sector use.

At the federal level, President Trump also signed an executive order in 2025 to establish an altcoin stockpile and a national Bitcoin reserve. Efforts are underway to bring this initiative to fruition.