Is Massachusetts About to Create a Strategic Bitcoin Reserve? Key Hearing Set for Oct 7

Massachusetts lawmakers are set to hold a hearing on October 7 to discuss the creation of a state-backed Strategic Bitcoin Reserve (SBR), a move that could mark a turning point in ￰3￱ ￰4￱ hearing was announced by the state’s Joint Revenue Committee and stems from Senate Bill S.1967, introduced earlier this year by Republican Senator Peter ￰5￱ proposal seeks to authorize the state to acquire and hold Bitcoin as part of its reserves, framing the cryptocurrency as both a hedge against inflation and a tool for diversifying ￰6￱ Joins Growing ￰7￱ Over Bitcoin Reserves If advanced, Massachusetts would become the first Democratic-led “deep blue” state to seriously consider building a Bitcoin reserve, indicating how digital assets are shifting from fringe speculation to mainstream financial ￰8￱ effort also reflects growing interest ￰9￱ the federal level, the BITCOIN Act of 2025, backed by Senator Cynthia Lummis and others, calls for the establishment of a national Bitcoin ￰10￱ Reserve Race Update: The Massachusetts Joint Revenue Committee will hold a hearing on MA's three 'bitcoin reserve' bills (S2008, S1967, H3279) on Tuesday, Oct ￰11￱ — Bitcoin Laws (@Bitcoin_Laws) September 29, 2025 The ￰12￱ already controls roughly 198,000 BTC, worth billions at current market prices.

Massachusetts’ hearing comes as other states move forward with similar ￰13￱ and Utah have already passed legislation allowing for Bitcoin reserves, while Wyoming introduced the “State Funds-Investment in Bitcoin Act” earlier this ￰14￱ goes anti-crypto as Governor @GovNedLamont signs comprehensive Bitcoin reserve ban while 26 states introduce 47 Bitcoin reserve bills with Texas and New Hampshire leading adoption. #CryptoBill #US #Connecticut ￰0￱ — ￰15￱ (@cryptonews) July 1, 2025 That bill, sponsored by Representative Jacob Wasserburger, authorizes up to 3% of certain state funds to be invested in Bitcoin, with strict security requirements for ￰16￱ Senator Cynthia Lummis, a leading proponent of Bitcoin adoption, has described such policies as “forward-thinking” strategies to strengthen state ￰17￱ Massachusetts bill will be reviewed in a legislature dominated by Democrats, with 132 seats in the House and 35 in the Senate compared with 25 and 5 for ￰18￱ the political balance may shape the debate, the very fact that such a measure has reached the committee stage shows Bitcoin’s growing legitimacy in state-level financial ￰19￱ argue that a Bitcoin reserve could act as “digital gold,” offering protection against inflation and diversifying state assets in line with global trends.

Critics, however, warn of volatility and regulatory ￰20￱ committee is expected to weigh both fiscal impacts and security considerations before deciding the bill’s next ￰21￱ October 7 hearing is seen as a key moment not only for Massachusetts but for the broader question of whether ￰22￱ will increasingly adopt Bitcoin as a strategic reserve ￰23￱ Edges Closer to Strategic Bitcoin Reserve Amid Global Competition The debate over a ￰24￱ Bitcoin Reserve is gaining traction as both federal and state initiatives advance, showing growing momentum for Bitcoin as a national ￰25￱ Thorn, head of research at Galaxy Digital, said this month he believes Washington could formalize an SBR before the end of 2025. @intangiblecoins , head of firmwide research at @galaxyhq , believes the United States could soon formalize its Strategic Bitcoin Reserve. #US #Bitcoin ￰1￱ — ￰26￱ (@cryptonews) September 13, 2025 In a post on X, Thorn argued the market is overlooking the possibility that the ￰27￱ soon announce it is officially holding Bitcoin as a strategic ￰28￱ Trump laid the groundwork in March, signing an executive order authorizing the creation of the SBR and a broader ￰29￱ Asset ￰30￱ detailed plans have yet to emerge, lawmakers recently introduced a bill requiring the Treasury Department to study the reserve’s feasibility, including custody, cybersecurity, and accounting ￰31￱ all observers expect swift ￰32￱ CoinRoutes chairman Dave Weisberger predicted a launch in 2026, saying the administration may prefer to accumulate Bitcoin quietly before making a public declaration.

Others, including Jan3 CEO Samson Mow, have warned that delaying could leave the ￰33￱ as rival nations accelerate their own reserves. Internationally, Kyrgyzstan advanced legislation this month to establish a national crypto reserve, while the Philippines introduced a bill for a long-term Bitcoin holding ￰34￱ has also opened talks on the ￰35￱ Michigan House Bill was introduced by Representatives Bryan Posthumus and Ron Robinson to push for a strategic Bitcoin reserve. #BitcoinReserve #Michigan ￰2￱ — ￰36￱ (@cryptonews) February 14, 2025 At the state level, Michigan lawmakers revived House Bill 4087 , which would allow up to 10% of state funds to be allocated to Bitcoin and other ￰37￱ passed, Michigan would join Texas, Arizona, and New Hampshire in pursuing sovereign crypto ￰38￱ Bitcoin trading near $114,000, pressure is building on both Washington and ￰39￱ to clarify their positions as global competition over Bitcoin reserves intensifies.