BOSTON—Massachusetts lawmakers are weighing a proposal that would allow the state to hold Bitcoin in its financial reserves, Coinfomania reported.
According to Coin Bureau, the Republican-backed measure is slated for a legislative hearing in the near future.
“This is one of the first serious attempts in the U.S. at the state level to consider digital assets in official reserves. Crypto supporters are interested in the proposal, but the political situation makes it uncertain if it will pass,” Coinfomania said.
Massachusetts’ Democratic majority holds firm control over the legislature, making it difficult for the Bitcoin reserve bill to advance. Republicans argue the measure would modernize state finances, protect against inflation, and align with global adoption of digital assets. But Democrats remain cautious, citing Bitcoin’s volatility, financial risks, and the absence of clear federal guidance. Many contend the state should not risk public funds on cryptocurrency, Coinfomania explained.
If the bill passes, Massachusetts could put part of its reserves into Bitcoin. Traditional holdings, like U.S. Treasury bonds would stay. The law would also make rules to watch and handle risks. This would help monitor risks and keep transparency in the state’s crypto holdings, Coinfomania said.
Section: StandardWord Count: 257Copyright Holder: CUToday.infoCopyright Year: 2025Is Based On: URL: https://www.cutoday.info/Fresh-Today/From-Bonds-To-Bitcoin-Massachusetts-Considers-First-of-Its-Kind-Reserve-Shift