Missouri Set to Exempt Crypto, Stock Sale Profits from Income Tax

Missouri is poised to make history as the first U.S. state to exempt profits from cryptocurrency and stock sales from income taxes. The legislation, now awaiting Governor Mike Kehoe’s approval, could reshape the financial landscape for investors and businesses alike.

The Republican-backed bill aims to position Missouri as a hub for crypto innovation and traditional investment. Supporters argue the tax exemption will attract capital and talent, while critics warn of potential revenue losses exceeding $430 million annually.

This bold MOVE comes as states increasingly compete for dominance in the digital asset space. The policy could trigger a domino effect, with other jurisdictions potentially following Missouri’s lead to remain competitive in attracting blockchain enterprises and investors.