A Democratic-led region in the U.S. is considering adopting cryptocurrency, signalling that digital assets may be moving beyond party lines. Massachusetts lawmakers will hold a hearing on October 7 to discuss establishing a state-backed Bitcoin strategic reserve, marking the first time a heavily Democratic legislature has formally considered such legislation.
The Joint Revenue Committee will examine Senate Bill S.1967, introduced by Republican Senator Peter Durant in February. The proposal authorizes Massachusetts to hold seized digital assets in a reserve while allowing the state treasury to invest up to 10% of the Commonwealth Stabilization Fund in cryptocurrency.
Political Headwinds Face Crypto Bill
Durant’s legislation faces steep odds in a legislature where Democrats command supermajorities —132 House seats versus 25 Republican, and 35 Senate seats against just 5. The state’s governor and entire congressional delegation are also Democrats, creating formidable obstacles for Republican-sponsored crypto initiatives.
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The hearing follows President Trump’s March executive order establishing a federal Bitcoin stockpile, which Republican lawmakers are attempting to codify through the Bitcoin Act. Texas, Arizona and New Hampshire have already passed state-level crypto reserve legislation, while proposals in Michigan and Ohio remain pending.
Massachusetts is considering a Bitcoin strategic reserve, following Pennsylvania, North Dakota, South Dakota, and Wyoming, where similar proposals were rejected in 2025. The upcoming Massachusetts hearing tests whether cryptocurrency can bridge partisan divides in a Democratic-majority state.
