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Introduced by a Republican lawmaker successful February, the authorities whitethorn beryllium improbable to get immoderate traction successful Massachusetts’ legislature, wherever Democrats clasp a supermajority.
A committee successful the legislature of the US authorities of Massachusetts is scheduled to perceive discussions astir a Bitcoin strategical reserve measure archetypal introduced successful February.
In a Friday update to a measure “relative to a Bitcoin strategical reserve” introduced by Republican authorities Senator Peter Durant, Massachusetts’ Joint Revenue Committee volition clasp a proceeding to see the legislation.
The bill, which Durant introduced to the Massachusetts Senate successful February, was portion of a propulsion from Republican lawmakers crossed respective US states successful favour of cryptocurrency and Bitcoin (BTC) reserves.
Text of the projected Bitcoin reserve measure arsenic of Monday. Source: LegiScanIt’s unclear what the chances would beryllium for immoderate Republican-led measure to walk successful Massachusetts’ legislature. Democrats presently person a supermajority successful the state’s House of Representatives and Senate, and power the governorship. All of the state’s representatives successful the US House and Senate are besides Democrats.
Durant’s projected instrumentality would let “any Bitcoin oregon different integer plus seized by the commonwealth” to beryllium deposited into a reserve, and person the authorities treasury usage up to 10% of the Commonwealth Stabilization Fund to put successful crypto.
While 4 US states, including Massachusetts, are formally called commonwealths successful their constitutions, their ineligible narration to the Unites States arsenic a full is the aforesaid arsenic each states, and the presumption are utilized interchangeably.
Cointelegraph reached retired to the Massachusetts senator’s bureau for remark but had not received a effect astatine the clip of publication.
Related: A Bitcoin strategical reserve whitethorn beryllium atrocious for BTC and USD: Crypto exec
As of September, lone a fewer US authorities governments, including New Hampshire and Texas, person passed authorities allowing them to clasp Bitcoin and different cryptocurrencies arsenic portion of a strategical reserve plan.
At the national level, US President Donald Trump signed an enforcement order successful March to found a authorities stockpile of BTC and cryptocurrencies, partially done seized assets. Republican lawmakers are attempting to codify this bid into instrumentality done Congress utilizing the BITCOIN Act.
Crypto reserve proposals successful different US states are inactive pending
Massachusetts joined a fistful of different authorities governments that are presently considering whether to travel the national government’s illustration and walk laws allowing their treasuries to put successful crypto and Bitcoin.
In 2025, Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming rejected oregon failed to beforehand akin bills. However, proposed authorities successful Michigan and Ohio could inactive beryllium signed into law.
Companies with vulnerability to crypto, including Michael Saylor’s Strategy, have been investing successful Bitcoin and different integer assets arsenic a imaginable hedge against ostentation for years. Reports suggested that galore others followed their illustration successful 2025 aft Trump’s enforcement order.
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