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MA S1967
Bill
Status
2/27/2025
Primary Sponsor
Peter Durant
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AI Summary
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Establishes the Commonwealth Bitcoin Strategic Reserve as a separate fund administered by the State Treasurer to hold Bitcoin and other digital assets
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Limits annual Bitcoin/digital asset investments to no more than 10% of the total amount deposited in the Commonwealth Stabilization Fund
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Allows the Treasurer to deposit Bitcoin or digital assets seized by the commonwealth into the reserve fund
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Requires all digital assets to be held through secure custody solutions meeting specific security criteria, including geographically diversified data centers, multiparty governance, regular code audits, and encrypted private keys
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Permits the Treasurer to loan Bitcoin or digital assets to generate additional returns, provided it does not increase financial risk to the commonwealth
Legislative Description
Relative to a bitcoin strategic reserve
Last Action
Accompanied a study order, see S2757
11/26/2025