S 1967
An Act relative to a bitcoin strategic reserve
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes establishing a ‘Bitcoin Strategic Reserve’ within the Commonwealth of Massachusetts. The reserve would hold a portion of the state’s funds in Bitcoin, aiming to diversify the state’s financial holdings and potentially generate returns. The bill outlines the process for creating and managing this reserve, including guidelines for purchasing and storing Bitcoin. It is currently being reviewed by the Senate Revenue Committee.
Key provisions
- Creation of a ‘Bitcoin Strategic Reserve’.
- Allocation of state funds for Bitcoin purchases.
- Establishment of guidelines for Bitcoin storage and security.
- Requirement for regular reporting on the reserve’s performance.
Who is affected
- The Commonwealth of Massachusetts
- State Treasury Department
- Investors in Bitcoin
Sponsors
Official sponsors from legislative records.
Primary sponsor
Peter J. Durant
Cosponsor
Peter J. Durant
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Bill S.1967 194th (Current)
An Act relative to a bitcoin strategic reserve
By Mr. Durant, a petition (accompanied by bill, Senate, No. 1967) of Peter J. Durant for legislation relative to a bitcoin strategic reserve. Revenue.
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Bill Information
Bill Information
Presenter: Peter J. Durant
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.1967
| 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 |
| 11/26/2025 | Senate | Accompanied a study order, see S2757 |
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