A committee of the US Massachusetts legislature will hear discussions about the Bitcoin Strategy Preparation Bill, which was first introduced in February.
In Friday’s update to the “Related to Bitcoin Strategic Reserve” bill introduced by Republican Sen. Peter Durant, a Republican of Massachusetts, the Massachusetts Joint Walk-Memorandum Committee will hold a hearing to consider the law.
The bill Durant introduced to the Massachusetts Senate in February was part of a push from several US Republican lawmakers in favor of cryptocurrency and Bitcoin (BTC) reserves.
It is unclear whether a Republican-led bill will be passed in the Massachusetts legislation. Democrats now have a super majority in the state’s House of Representatives and Senate, and control the governor. All representatives of the US House and Senate states are also Democrats.
Under Durant’s proposed law, “federally seized Bitcoin or other digital assets” are deposited in reserves and have the state Treasury invest in crypto using up to 10% of the Commonwealth Stabilization Fund.
The four US states, including Massachusetts, are officially referred to as the Constitutional Federation, but the legal relationship with the entire organization is the same as all states, and the terms are used interchangeably.
The Cointelegraph reached out to the Massachusetts Senator’s office for comment, but did not receive a response at the time of publication.
Related: Bitcoin Strategic Reserve May Be Bad for BTC and USD: Crypto Exec
As of September, US state governments, including New Hampshire and Texas, passed legislation that would allow Bitcoin and other cryptocurrencies to be held as part of their strategic reserve plan.
At the federal level, US President Donald Trump signed an executive order in March, establishing government stockpiles of BTC and cryptocurrency, partly through seized assets. Republican lawmakers are trying to codify the order into law through Congress using Bitcoin Act.
Crypto backup proposals in other US states are still pending
Massachusetts has joined a few other state governments currently considering whether to follow laws that allow the Treasury to invest in crypto and Bitcoin, following federal government examples.
In 2025, Montana, North Dakota, Pennsylvania, South Dakota and Wyoming refused or advanced similar legislation. However, laws proposed in Michigan and Ohio could still be signed.
https://www.youtube.com/watch?v=av7xioy4zvc
Companies exposed to crypto, including Michael Saylor’s strategy, have long invested in Bitcoin and other digital assets as a potential hedge against inflation. Reports suggest that many others followed their example in 2025 after Trump’s executive order.
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