MA H3279

Authorizes the state treasurer and public pension funds to invest in Bitcoin and other digital financial assets as a hedge against inflation, with investments capped at 10% of total public funds in any applicable account

Imposes a 5% excise tax on gross revenues obtained in digital currency, with taxpayers required to report digital asset income received as compensation or from business sales

Permits state retirement funds to invest in SEC-registered or CFTC-registered exchange-traded products based on digital assets

Requires digital assets held by the state to be stored through secure custody solutions with specific security requirements, including geographically diversified data centers, multi-party governance, and regular security audits

Allows the state treasurer to loan digital financial assets to generate additional returns, provided it does not increase financial risk to the state