The Massachusetts Bitcoin Reserve Act hearing received a lukewarm response
2025-10-09 19:00:22
Massachusetts senator Peter Durant gave a presentation on his proposed "Bitcoin Strategic Reserve Act" at a legislative hearing on Tuesday, but no questions were asked. The bill plans to allow the state treasury to invest in crypto assets using no more than 10% of the stabilization fund, and to include bitcoin or digital assets seized by the state government in the reserve. With the state House and Senate dominated by Democrats and controlling the governorship, it remains unclear whether the bill will pass. Previously, similar crypto reserve legislation has been passed in the US states of Texas, Arizona and New Hampshire.
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