Mississippi Bitcoin Reserves and Cryptocurrency Laws

Mississippi Bitcoin Reserves and Cryptocurrency Legislation

Mississippi Bitcoin Reserve Overview

No Official Reserves
Friendly Regulatory Status
Blockchain Basics Act Protects Crypto Rights

Mississippi Bitcoin Reserves

Mississippi Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Mississippi (MS)	No Official Reserves	0%	Friendly	2025-01-20	Blockchain Basics Act (HB 1590, 2025): Introduced to protect the right to run a node, mine Bitcoin, and use digital assets; pending as of May 2025 Right to Mine (2023): Protects Bitcoin mining and node operation from discriminatory taxation and regulations Mississippi Money Transmitters Act: Requires licenses for crypto-fiat transactions; crypto-only activities exempt State income tax (0–5%) and federal capital gains tax (15–20%) apply to crypto earnings ~75,000 residents (~2.5% of population) use crypto; $1.3B in transactions (2023–2024, est.) Approximately 10 Bitcoin ATMs, primarily in Jackson and Biloxi (2024) No legislation for state-held Bitcoin reserves as of 2025

Mississippi Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Mississippi has not established a state Bitcoin reserve, and no legislation for such a reserve has been proposed as of May 2025. The state is crypto-friendly, with the Blockchain Basics Act (HB 1590, 2025) introduced to protect digital asset rights, including running nodes and mining. The Right to Mine bill (2023) further supports Bitcoin mining, highlighting economic and energy benefits.

No funds have been allocated for Bitcoin reserves. Mississippi prioritizes protecting individual crypto activities and fostering blockchain innovation over state-held reserves.

1/20/2025

PROPOSED

The Blockchain Basics Act (HB 1590) was introduced, aiming to protect the right to run a node, mine Bitcoin, and use digital assets; the bill is pending.

2/9/2023

SIGNED INTO LAW

The Right to Mine bill, sponsored by Senator Harkins, was enacted, protecting Bitcoin mining and node operation from discriminatory regulations and highlighting economic benefits.

Mississippi Bitcoin Reserves and Cryptocurrency Legislation

Mississippi Bitcoin Reserve Overview