Loading chat...

MA S1967

Bill

Status

Introduced

2/27/2025

Primary Sponsor

Peter Durant

Click for details

Origin

Senate

194th General Court

AI Summary

  • Establishes the Commonwealth Bitcoin Strategic Reserve as a separate fund administered by the State Treasurer to hold Bitcoin and other digital assets

  • Limits annual Bitcoin/digital asset investments to no more than 10% of the total amount deposited in the Commonwealth Stabilization Fund

  • Allows the Treasurer to deposit Bitcoin or digital assets seized by the commonwealth into the reserve fund

  • 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

  • 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

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available