Massachusetts’ Bitcoin Reserve Bill Hits a Wall as Lawmakers Go Silent — What’s Next?

A proposal to establish a state-backed Bitcoin reserve in Massachusetts has encountered an early setback after state lawmakers showed little engagement during its first public hearing in eight ￰1￱ bill, titled An Act Relative to a Bitcoin Strategic Reserve, was introduced by Republican State Senator Peter Durant and presented before the Massachusetts Joint Committee on Revenue on ￰2￱ Bill Proposes Allocating Billions From State Reserve to Bitcoin The Massachusetts Joint Revenue Committee sets hearing on Bitcoin Strategic Reserve bill for Oct 7, examining crypto’s role in state asset strategy. #Bitcoin #Massachusetts ￰0￱ — ￰3￱ (@cryptonews) September 29, 2025 The measure seeks to authorize the state treasury to allocate up to 10% of the Commonwealth Stabilization Fund, a reserve worth billions, into Bitcoin and other digital ￰4￱ would also allow Bitcoin and cryptocurrencies seized by state authorities to be added to a dedicated reserve.

“This creates a prudent diversification tool, ensuring full transparency, oversight, and risk management without mandating any action,” Durant said during the session. However, after opening the floor for questions, the committee members remained silent, offering no responses or follow-up inquiries on the ￰5￱ quiet reception marked the bill’s first legislative activity since it was introduced in February ￰6￱ committee now has 60 days to either advance the legislation or refer it for additional review, indicating possible movement by early ￰7￱ said that he remains optimistic despite the lack of immediate engagement. “We’ve been having great conversations with our colleagues about the possibility of bringing Bitcoin to Massachusetts, and we’re working hard to move this forward alongside others who have filed similar legislation,” he said.

“Lawmakers have been engaged and open during the process, and we’re focused on continuing to educate every stakeholder.” Dennis Porter, CEO of the Bitcoin advocacy group Satoshi Action Fund, also testified in support of the ￰8￱ described Massachusetts as “a historic financial hub” well suited to lead state-level Bitcoin initiatives, noting that the state pioneered America’s first mutual fund and has long been central to ￰9￱ ￰10￱ argued that the measure could be bipartisan in nature and pointed to other ￰11￱ that have already taken steps to create digital asset ￰12￱ Bitcoin Reserve Movement Falters as Massachusetts Adds to Growing List of Delays The Massachusetts hearing follows similar activity across the country, where a handful of states have explored or enacted Bitcoin reserve ￰13￱ , Arizona , and New Hampshire have all passed legislation establishing state-level reserves, while proposals in Wyoming, Montana, Pennsylvania, and North Dakota have stalled or been ￰14￱ of October 2025, only three states have successfully created Bitcoin reserve ￰15￱ Hampshire became the first in May, followed by Arizona and Texas, which approved a modest $10 million allocation earlier this ￰16￱ from the Bitcoin Reserve Monitor shows that more than two dozen states introduced reserve-related bills in 2025, but most remain in committee or face uncertain prospects.) July 16, 2025 Critics, however, continue to warn that its extreme volatility makes it unsuitable for taxpayer-backed reserves.

Still, momentum for such measures continues ￰17￱ recently introduced a parliamentary motion calling for a national Bitcoin strategy, while Kyrgyzstan and the Philippines are considering similar ￰18￱ the Joint Committee on Revenue expected to issue its decision by early December, the Massachusetts Bitcoin reserve bill now sits at a crossroads.