Blue State, Red Bitcoin: Massachusetts Lawmakers Push Controversial Crypto Reserve
Massachusetts, one of the country’s most Democratic strongholds, could soon make headlines with a daring crypto experiment. A new bill introduced by Republican Senator Peter Durant would allow the state to invest up to 10% of its Commonwealth Stabilization Fund—and seized cryptocurrency—into Bitcoin, creating a strategic state-backed digital reserve. The proposal signals a potential turning point in how U.S. states consider digital assets for public finance.