According to Cointelegraph, a committee of the Massachusetts legislature plans to discuss a bitcoin strategic reserve bill that was first proposed in February. The Massachusetts Joint Committee on Taxation will hold a hearing to consider the bill, which was introduced by Republican state Senator Peter Durant in an update on Friday.
It is unclear how likely any Republican-led bill is to pass the Massachusetts legislature. Democrats currently hold an absolute majority in the state House and Senate, and control the governorship. All of the state's representatives in the US House and Senate are also Democrats. Durant's bill would allow "any bitcoin or other digital asset seized in Massachusetts" to be placed in reserves and authorize the state treasury to invest up to 10 per cent of the Massachusetts Stability Fund in cryptocurrencies.
The US state of Massachusetts will hold a hearing to consider a bitcoin reserve bill
2025-09-29 23:53:34
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