An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to allow the state of Massachusetts to invest in stable digital financial assets with the goal of increasing fiscal resilience. It aims to establish a framework for strategically utilizing these assets to bolster the state’s financial position. The bill seeks to create a mechanism for managing and investing in digital assets, potentially generating revenue for the state. It’s currently under review by the Revenue Committee.
Key provisions
- Allows the state to invest in stable digital financial assets.
- Aims to enhance the state’s fiscal resilience.
- Establishes a framework for managing digital asset investments.
- Potentially generates revenue for the state through these investments.
Who is affected
- The Commonwealth of Massachusetts
- State Treasury
- Investors in stable digital financial assets
Notable changes
- The bill focuses specifically on ‘stable’ digital financial assets, implying a preference for assets with lower volatility.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Christopher J. Worrell
Cosponsor
Christopher J. Worrell
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours