MA S2008

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 funds in any applicable account

Imposes a 5% excise tax on gross revenues from digital currency transactions, with digital assets treated as cash equivalents for taxation purposes

Permits Bitcoin investments from the General Fund, Commonwealth Stabilization Fund, State Retiree Benefits Trust Fund, and other state funds approved by the legislature

Requires digital assets to be held through secure custody solutions with specific security requirements, qualified custodians, or SEC-registered exchange-traded products

Allows the state treasurer to loan digital financial assets to generate additional returns, subject to regulations ensuring no increased financial risk to the state