Bill > SB614

This bill creates new legal provisions for digital assets in Missouri, establishing two key sections: Section 30.960 and Section 67.2060 (known as the "Blockchain Basics Act"). The bill allows the state treasurer to invest up to 10% of public funds in qualifying digital assets, such as cryptocurrencies with high market capitalization or stablecoins, using secure custody solutions and allowing for activities like staking and lending under specific conditions. The legislation also provides comprehensive protections and regulations for digital asset activities, including: preventing state or local governments from prohibiting individuals from using digital assets for purchases, using self-hosted wallets, or participating in home digital asset mining; establishing tax considerations for digital asset transactions; protecting digital asset mining businesses' rights to operate in industrial zones; preventing discriminatory electricity rates; and ensuring that individuals operating blockchain nodes or participating in staking are not subject to money transmitter licensing requirements. The bill defines key terms like blockchain, digital assets, nodes, and staking, and aims to create a supportive regulatory environment for digital asset technologies while maintaining consumer protections and preventing potential discriminatory practices.

Business and Industry

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=2899282