Massachusetts to hold hearing to consider Bitcoin reserve bill

Introduced by a Republican lawmaker in February, the legislation may be unlikely to get any traction in Massachusetts’ legislature, where Democrats hold a supermajority.

A committee in the legislature of the US state of Massachusetts is scheduled to hear discussions about a Bitcoin strategic reserve bill first introduced in February.

In a Friday update to a bill “relative to a Bitcoin strategic reserve” introduced by Republican state Senator Peter Durant, Massachusetts’ Joint Revenue Committee will hold a hearing to consider the legislation.

The bill, which Durant introduced to the Massachusetts Senate in February, was part of a push from Republican lawmakers across several US states in favor of cryptocurrency and Bitcoin (BTC) reserves.

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