A legislative committee in Massachusetts is about to carry a listening to on a invoice that may set up a Bitcoin strategic reserve for the state.
The proposal, launched in February by Republican state Senator Peter Durant, seeks to permit the state treasury to speculate as much as 10% of the Commonwealth Stabilization Fund in bitcoin and different digital belongings.
Moreover, any bitcoin or digital belongings seized by the state may very well be deposited into this reserve.
Political panorama in massachusetts
Regardless of the invoice’s introduction, its possibilities of passage are unsure because of the Democratic supermajority in each chambers of the Massachusetts legislature and management of the governorship.
All the state’s federal representatives are additionally Democrats, making it difficult for Republican-led initiatives to advance.
Senator Durant’s workplace didn’t reply to requests for remark on the time of publication.
federal and state motion on bitcoin reserves
Massachusetts is amongst a number of states contemplating comparable laws.
Whereas states like New Hampshire and Texas have already handed legal guidelines permitting bitcoin reserves, different proposals in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming have stalled or been rejected in 2025.
Payments are nonetheless into account in Michigan and Ohio.
On the federal stage, President Donald Trump signed an government order in March to determine a nationwide bitcoin reserve, partly utilizing seized digital belongings.
Republican lawmakers are actually working to codify this order by means of the BITCOIN Act.
companies and inflation hedging
Firms similar to MicroStrategy have lengthy held bitcoin as a hedge in opposition to inflation. Following the federal government order, extra companies reportedly elevated their bitcoin publicity in 2025, reflecting a rising development of institutional funding in digital belongings.
For extra on which nations and firms at the moment maintain bitcoin reserves, see the bitbo bitcoin treasury database.