Missouri Set to Become First U.S. State to Eliminate Capital Gains Tax on Bitcoin

The bill now awaits the governor’s signature to become law.If enacted, Missouri would become the first U.S. state to exempt Bitcoin gains from capital gains tax—marking a major shift in how digital assets are treated under state tax codes.What HB 594 ProposesHB 594 amends Missouri’s state tax code to allow residents to exclude capital gains from their adjusted gross income, effectively removing state income tax liability on those gains. While the bill is broadly worded, its relevance to Bitcoin has caught the attention of the crypto community.The bill reflects growing political interest in treating digital assets more favorably, especially as adoption accelerates among retail and institutional investors. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs Why This MattersCapital gains taxes have long been viewed as a hurdle to widespread crypto adoption, particularly for those who frequently trade or use crypto as a form of payment. By removing this tax burden, Missouri may position itself as a crypto-friendly hub and potentially inspire similar legislation in other states.What’s Next?The bill’s final hurdle is the governor’s desk. If signed, Missouri will not only make financial history but could catalyze a broader movement for pro-crypto tax reform across the U.S.This legislation comes amid rising state-level interest in blockchain and digital asset policies, signaling a broader trend of local governments pushing for innovation and competitive financial frameworks.The post Missouri Set to Become First U.S. State to Eliminate Capital Gains Tax on Bitcoin appeared first on Coindoo.