A committee within the legislature of the US state of Massachusetts is scheduled to listen to discussions a few Bitcoin strategic reserve invoice first launched in February.
In a Friday replace to a invoice “relative to a Bitcoin strategic reserve” launched by Republican state Senator Peter Durant, Massachusetts’ Joint Income Committee will maintain a listening to to contemplate the laws.
The invoice, which Durant launched to the Massachusetts Senate in February, was a part of a push from Republican lawmakers throughout a number of US states in favor of cryptocurrency and Bitcoin (BTC) reserves.
Textual content of the proposed Bitcoin reserve invoice as of Monday. Supply: LegiScan
It’s unclear what the possibilities could be for any Republican-led invoice to go in Massachusetts’ legislature. Democrats at the moment have a supermajority within the state’s Home of Representatives and Senate, and management the governorship. All the state’s representatives within the US Home and Senate are additionally Democrats.
Durant’s proposed legislation would permit “any Bitcoin or different digital asset seized by the commonwealth” to be deposited right into a reserve, and have the state treasury use as much as 10% of the Commonwealth Stabilization Fund to put money into crypto.
Whereas 4 US states, together with Massachusetts, are formally known as commonwealths of their constitutions, their authorized relationship to the Unites States as a complete is similar as all states, and the phrases are used interchangeably.
Cointelegraph reached out to the Massachusetts senator’s workplace for remark however had not obtained a response on the time of publication.
Associated: A Bitcoin strategic reserve could also be unhealthy for BTC and USD: Crypto exec
As of September, only some US state governments, together with New Hampshire and Texas, have handed laws permitting them to carry Bitcoin and different cryptocurrencies as a part of a strategic reserve plan.
On the federal stage, US President Donald Trump signed an govt order in March to ascertain a authorities stockpile of BTC and cryptocurrencies, partially by way of seized property. Republican lawmakers try to codify this order into legislation by way of Congress utilizing the BITCOIN Act.
Crypto reserve proposals in different US states are nonetheless pending
Massachusetts joined a handful of different state governments which can be at the moment contemplating whether or not to comply with the federal authorities’s instance and go legal guidelines permitting their treasuries to put money into crypto and Bitcoin.
In 2025, Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming rejected or didn’t advance related payments. Nonetheless, proposed laws in Michigan and Ohio might nonetheless be signed into legislation.
Corporations with publicity to crypto, together with Michael Saylor’s Technique, have been investing in Bitcoin and different digital property as a possible hedge in opposition to inflation for years. Reviews instructed that many others adopted their instance in 2025 after Trump’s govt order.
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