S2008
An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes allowing the state of Massachusetts to invest in stable digital financial assets, such as Bitcoin, to protect state funds from inflation and serve as a store of value. The goal is to build fiscal resilience by utilizing these assets as a hedge against economic uncertainty. The bill specifically focuses on stable digital assets rather than volatile cryptocurrencies. It is currently under consideration by the Joint Committee on Revenue.
Key provisions
- Permits the inclusion of Bitcoin and other stable digital financial assets in state investment portfolios.
- Aims to utilize these assets as a hedge against inflation.
- Seeks to protect the purchasing power of state funds.
- Focuses on ‘stable’ digital financial assets.
Who is affected
- Massachusetts State Government
- State Investment Funds
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barry R. Finegold
Cosponsor
Barry R. Finegold
Arguments in favor
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Bill S.2008 194th (Current)
An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
By Mr. Finegold, a petition (accompanied by bill, Senate, No. 2008) of Barry R. Finegold for legislation to permit the inclusion of bitcoin and other stable digital financial assets to serve as stores of value and provide a hedge against inflation, thereby protecting the purchasing power of state funds. Revenue.
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Bill Information
Bill Information
Presenter: Barry R. Finegold Status: Referred to Joint Committee on Revenue
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.2008
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
| 2/27/2025 | House | House concurred |
| 9/26/2025 | Joint | Hearing scheduled for 10/07/2025 from 01:00 PM-05:00 PM in A-2 |
| 10/7/2025 | Joint | Hearing rescheduled to 10/07/2025 from 01:00 PM-02:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 2026 |
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