An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
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
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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