Committee Sets Hearing on Bitcoin Reserve
The Massachusetts Joint Revenue Committee is set to hold a hearing on legislation that would create a state-run Bitcoin strategic reserve. The bill, introduced in February by Republican Senator Peter Durant, aims to allow the state treasury to invest in digital assets.
Durant’s proposal would also direct the state to deposit any seized Bitcoin or digital assets into the reserve, while authorizing up to 10% of the Commonwealth Stabilization Fund for crypto investments.
Source: LegiScan
Democratic Majority Could Block Effort
Despite the upcoming hearing, the proposal faces an uphill battle. Democrats hold a supermajority in both chambers of the Massachusetts legislature and control the governorship. None of the state’s U.S. representatives or senators are Republican, further underscoring the political imbalance.
Momentum Builds Across the U.S.
While Massachusetts may stall, other states are moving faster. New Hampshire and Texas have already passed legislation enabling their governments to hold Bitcoin reserves, while Arizona has taken early steps in a similar direction.
At the federal level, President Donald Trump signed an executive order in March to establish a national crypto stockpile, partially funded through seized assets. Republican lawmakers are working to codify that order into law via the BITCOIN Act.
Mixed Success for State-Level Bills
Across the U.S., momentum for state-level Bitcoin reserves has been uneven. In 2025, states including Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming either rejected or shelved similar proposals. However, Michigan and Ohio still have active bills in play, with Michigan advancing legislation just last week after months of delay.
Industry leaders argue these reserves could serve as a hedge against inflation. Companies like Michael Saylor’s MicroStrategy have long embraced Bitcoin as a treasury asset, with others following their example after Trump’s executive order this year.
The Bottom Line
Massachusetts’ upcoming hearing is a symbolic moment in the broader state-level crypto adoption movement. But with Democrats dominating the state’s political landscape, the bill may face more resistance than momentum — unless the national trend pushes local lawmakers to reconsider.
