BEAMSTART Logo

Massachusetts Introduces Strategic Bitcoin Reserve Bill, First Among ‘Deep Blue States’

Bitcoinist LogoBitcoinist5d ago

Massachusetts Introduces Strategic Bitcoin Reserve Bill, First Among ‘Deep Blue States’ - Bitcoinist

Quick Summary:

Republican Senator Peter Durant of Worcester County, Massachusetts, has introduced legislation aimed at establishing a “Bitcoin strategic reserve.”  This initiative marks a significant step for cryptocurrency in a traditionally Democratic stronghold, as it makes Massachusetts the first "deep blue state” to consider such legislation.

Despite the enthusiasm for the bill, it has not yet been discussed with Deb Goldberg, the state treasurer and a Democrat.

Notably, the proposed legislation includes a cap limiting investments in cryptocurrencies to no more than 10% of the total amount deposited in the Commonwealth Stabilization Fund, which currently stands at $9 billion.

More Pictures

Massachusetts Introduces Strategic Bitcoin Reserve Bill, First Among ‘Deep Blue States’ - Bitcoinist (Picture 1)

or

Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 19:36:16 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 355 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25223892

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Massachusetts Introduces Strategic Bitcoin Reserve Bill, First Among ‘Deep Blue States’" has 355 words across 26 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Massachusetts Introduces Strategic Bitcoin Reserve Bill, First Among ‘Deep Blue States’" was covered 5 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #25223892
  • URL: https://chronographically.beamstart.com/news/massachusetts-introduces-strategic-bitcoin-reserve

More News from Bitcoinist

Latest Jobs

More Crypto News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.