Missouri Seeks Crypto Tax Haven Status, Potential Revenue Impact Revealed

A landmark bill in Missouri is poised to reshape its economy by potentially establishing it as a crypto tax haven. This legislation would eliminate state income taxes on capital gains from both cryptocurrency and stocks. The impact of this proposed change is significant, projected to decrease state revenue by $430 million. This policy shift aligns with the Republican-led legislature’s pro-crypto stance, potentially setting an influential precedent for other states seeking to attract investments in the crypto space.