Treasury authority to hold Bitcoin proposed; sponsors and crypto advocates urge guardrails Sponsors of bills S.1967, S.2008 and companion House measures asked the Joint Committee on Revenue to authorize limited, custodial purchases of Bitcoin and regulated digital assets for the Commonwealth's reserves, proposing caps, custody standards and audit requirements while emphasizing diversification and inflation hedging.

Massachusetts lawmakers are pushing for a bold strategy to diversify state reserves by allowing limited investments in Bitcoin, emphasizing strict safeguards to manage risk.

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