A committee in the legislature of the US state of Massachusetts is scheduled to hear discussions about a Bitcoin strategic reserve bill first introduced in February.
In a Friday update to a bill “relative to a Bitcoin strategic reserve” introduced by Republican state Senator Peter Durant, Massachusetts’ Joint Revenue Committee will hold a hearing to consider the legislation.
The bill, which Durant introduced to the Massachusetts Senate in February, was part of a push from Republican lawmakers across several US states in favor of cryptocurrency and Bitcoin (BTC) reserves.
It’s unclear what the chances would be for any Republican-led bill to pass in Massachusetts’ legislature. Democrats currently have a supermajority in the state’s House of Representatives and Senate, and control the governorship. All of the state’s representatives in the US House and Senate are also Democrats.
Durant’s proposed law would allow “any Bitcoin or other digital asset seized by the commonwealth” to be deposited into a reserve, and have the state treasury use up to 10% of the Commonwealth Stabilization Fund to invest in crypto.
While four US states, including Massachusetts, are formally called commonwealths in their constitutions, their legal relationship to the Unites States as a whole is the same as all states, and the terms are used interchangeably.
Cointelegraph reached out to the Massachusetts senator’s office for comment but had not received a response at the time of publication.
Related: A Bitcoin strategic reserve may be bad for BTC and USD: Crypto exec
As of September, only a few US state governments, including New Hampshire and Texas, have passed legislation allowing them to hold Bitcoin and other cryptocurrencies as part of a strategic reserve plan.
At the federal level, US President Donald Trump signed an executive order in March to establish a government stockpile of BTC and cryptocurrencies, partially through seized assets. Republican lawmakers are attempting to codify this order into law through Congress using the BITCOIN Act.
Crypto reserve proposals in other US states are still pending
Massachusetts joined a handful of other state governments that are currently considering whether to follow the federal government’s example and pass laws allowing their treasuries to invest in crypto and Bitcoin.
In 2025, Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming rejected or failed to advance similar bills. However, proposed legislation in Michigan and Ohio could still be signed into law.
Companies with exposure to crypto, including Michael Saylor’s Strategy, have been investing in Bitcoin and other digital assets as a potential hedge against inflation for years. Reports suggested that many others followed their example in 2025 after Trump’s executive order.
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