Massachusetts proposes to establish a "strategic Bitcoin reserve" in the state

ChainCatcher news, according to official sources, Massachusetts Senator Peter Durant has proposed a bill to establish a "strategic Bitcoin reserve" in the state. Notably, Massachusetts is the first deep blue state to propose legislation related to a "strategic Bitcoin reserve." At the same time, Massachusetts has become the eighth state to propose similar legislation.

Currently, eight states in the U.S. have proposed legislation related to a "strategic Bitcoin reserve," namely: Oklahoma, New Hampshire, Wyoming, Texas, Pennsylvania, Ohio, and North Dakota.