Missouri Poised to Eliminate Capital Gains Tax on Bitcoin and Stock Profits Pending Governor's Signature; Arizona Creates Crypto Reserve Fund

Missouri is poised to become the first U.S. state to exempt profits from stock and cryptocurrency sales, including Bitcoin, from capital gains income taxes. This development follows the passage of House Bill 594, which, pending the governor's signature, would eliminate the state's capital gains tax on Bitcoin profits. The exemption applies broadly to all capital gains, not solely to cryptocurrencies. Meanwhile, Arizona has taken steps to create a cryptocurrency reserve fund through updated unclaimed property laws signed by Governor Katie Hobbs, establishing a legal framework for handling abandoned digital assets.