A legislative committee in Massachusetts is set to commence discussions regarding a Bitcoin strategic reserve bill that was initially proposed in February.
On Friday, an update was shared concerning the bill titled “relative to a Bitcoin strategic reserve,” introduced by Republican state Senator Peter Durant. The Joint Revenue Committee of Massachusetts will convene a hearing to evaluate the proposed legislation.
This bill, presented to the Massachusetts Senate by Durant in February, is part of a broader initiative by Republican officials in multiple US states advocating for cryptocurrency and Bitcoin (BTC) reserves.
The likelihood of any Republican-led legislation passing in Massachusetts’ legislature remains uncertain. Currently, Democrats hold a supermajority in both the House of Representatives and Senate, as well as the governorship. All representatives from the state in the US House and Senate are also Democrats.
Durant’s proposed legislation would permit the deposit of “any Bitcoin or other digital asset seized by the commonwealth” into a reserve and authorize the state treasury to allocate up to 10% of the Commonwealth Stabilization Fund for crypto investments.
While Massachusetts and three other US states are officially designated as commonwealths in their constitutions, their legal standing relative to the rest of the United States is equivalent to other states, and the terms are often used interchangeably.
Cointelegraph attempted to contact the Massachusetts senator’s office for comments but had not received a reply by the time of publication.
Related: A Bitcoin strategic reserve may be detrimental to BTC and USD: Crypto executive
As of September, only a few US state governments, including New Hampshire and Texas, have enacted laws that enable them to hold Bitcoin and other cryptocurrencies as part of a strategic reserve strategy.
At the federal level, US President Donald Trump signed an executive order in March to create a government stockpile of BTC and cryptocurrencies, partially funded through seized assets. Republican lawmakers are working to formalize this order into law via Congress using the BITCOIN Act.
Pending crypto reserve proposals in other US states
Massachusetts has joined a select group of state governments currently deliberating whether to emulate the federal government’s approach and establish guidelines that would allow their treasuries to invest in cryptocurrency and Bitcoin.
In 2025, Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming rejected or did not advance similar proposals. Nevertheless, legislation in Michigan and Ohio could potentially be enacted into law.
Companies with investments in crypto, such as Michael Saylor’s strategy, have been acquiring Bitcoin and other digital assets as a hedge against inflation for several years. Reports indicated that many others followed suit in 2025 following Trump’s executive order.
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