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  Key highlights: Republicans want Massachusetts to invest state funds in Bitcoin Democrats hold the power to decide the fate of the proposal Other US states are moving faster on crypto reserves Massachusetts considers a state Bitcoin reserve The Massachusetts Legislative Committee has scheduled a hearing on a bill to establish a strategic bitcoin reserve. The measure, introduced in February by Republican Senator Peter Durant, would allow the state to hold Bitcoin and other digital assets in its treasury. Source: legiscan Under the proposal, “any bitcoin or digital assets confiscated by the state” could be directed into the reserve. In addition, the Massachusetts Treasury would be authorized to invest up to 10% of the Stabilization Fund in cryptocurrency. Political obstacles Despite growing interest in digital assets, the Republican initiative faces long odds in Massachusetts. Democrats hold firm control of both the House and Senate, as well as the governor’s office. All members of the state’s congressional delegation are also Democrats. Durant’s bill mirrors a wave of similar proposals from Republicans in other states. But so far, most have stalled at the committee stage or failed to gain momentum. The situation in other states By late 2025, only a handful of states, including New Hampshire and Texas, had approved legislation to hold bitcoin in strategic reserves.  Source: bitcoinlaws In contrast, states such as Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming either rejected or failed to advance similar bills. Proposals remain active in Michigan and Ohio. Federal level At the national level, President Trump signed an executive order in March creating a federal bitcoin reserve funded in part with confiscated digital assets. Republicans in Congress are now pushing to make the order permanent through the BITCOIN Act. Momentum for the idea also came from the private sector. MicroStrategy, led by Michael…

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Filed under: News - @ October 1, 2025 2:26 am