Massachusetts Weighs Bitcoin Reserve Bill as Lawmakers Prepare for Hearing
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Massachusetts lawmakers are planning to hold a hearing on October 7 to consider a bill proposing a state Bitcoin reserve. Massachusetts is set to debate whether to create a Bitcoin reserve as part of its state assets. The Joint Revenue Committee will hold a hearing on October 7 to discuss Senate Bill S.1967. The proposal, introduced by Republican Senator Peter Durant in February, would allow the state to allocate up to 10% of its stabilisation fund to Bitcoin. Why the Bitcoin Reserve Bill Matters Supporters believe a Bitcoin reserve could act as a form of “digital gold.” They argue that Bitcoin’s limited supply makes it a useful hedge against inflation and a way to diversify state assets. Critics, however, are raising concerns about Bitcoin’s volatility. 🚨MASSACHUSETTS CONSIDERS A BTC RESERVE BILL A Republican-backed proposal heads to a state hearing, but faces long odds with Democrats holding a supermajority. pic.twitter.com/REL2f1E9Z9 — Coin Bureau (@coinbureau) September 30, 2025 They also question whether public funds should be exposed to an asset that can see sharp price swings. Democratic lawmakers, who hold a supermajority in both chambers of the Massachusetts legislature, have voted for caution. This said, the bill’s progress will hinge on whether lawmakers believe the benefits outweigh the risks. The October 7 hearing will bring together policymakers, economists and members of the public to examine both sides of the argument. Background on the Bitcoin Reserve Debate Bitcoin’s role in state finances is becoming a topic of discussion across the United States. Several states have looked into adding Bitcoin to their reserves. Texas and Utah have passed bills that allow limited BTC holdings. Wyoming introduced a bill authorising up to 3% of certain state funds to be invested in Bitcoin, with strict custody requirements. At the federal level, President Donald Trump signed…
Filed under: News - @ October 1, 2025 2:24 am