Massachusetts Legislature to Review Bitcoin Reserve Bill Amid Political Divide

According to Cointelegraph, the Massachusetts Joint Revenue Committee is set to review a bill concerning the establishment of a Bitcoin strategic reserve. This legislation, initially introduced in February by Republican state Senator Peter Durant, aims to allow the state to invest in cryptocurrency. The proposal is part of a broader initiative by Republican lawmakers across various U.S. states to incorporate Bitcoin (BTC) reserves into state financial strategies. The bill suggests that any Bitcoin or digital assets seized by the state could be deposited into a reserve. Additionally, it proposes that up to 10% of the Commonwealth Stabilization Fund be allocated for investment in cryptocurrencies. However, the likelihood of the bill's passage remains uncertain due to the Democratic supermajority in both the Massachusetts House of Representatives and Senate, as well as the governorship. All of the state's representatives in the U.S. Congress are also Democrats, which could pose a significant challenge for the bill's advancement. At the federal level, U.S. President Donald Trump signed an executive order in March to create a government stockpile of Bitcoin and cryptocurrencies, partly through seized assets. Republican lawmakers are working to formalize this order into law through the BITCOIN Act in Congress. Meanwhile, only a few states, such as New Hampshire and Texas, have enacted legislation to hold Bitcoin and other cryptocurrencies as part of a strategic reserve. Massachusetts is among several states contemplating whether to follow the federal government's lead in allowing their treasuries to invest in cryptocurrencies. In 2025, states like Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming either rejected or did not advance similar proposals. However, legislation in Michigan and Ohio remains under consideration and could potentially be enacted. Companies with cryptocurrency exposure, such as Michael Saylor's Strategy, have been investing in Bitcoin as a hedge against inflation, a trend that gained momentum following Trump's executive order.