Allows Massachusetts to invest public funds in Bitcoin and other stable digital financial assets.

The bill authorizes the state treasurer and public pension funds to invest in Bitcoin and other stable digital financial assets to protect the purchasing power of state funds and provide a hedge against inflation. The investment limit is set at 10% of the total amount of public funds in the applicable account. Digital assets must be held in a secure custody solution or by a qualified custodian. The bill also defines terms such as "Bitcoin," "digital financial asset," and "secure custody solution." The provisions aim to enhance the economic security and financial resilience of the commonwealth.

Allows Massachusetts to invest public funds in Bitcoin and other stable digital financial assets.

The bill authorizes the state treasurer and public pension funds to invest in Bitcoin and other stable digital financial assets to protect the purchasing power of state funds and provide a hedge against inflation. The investment limit is set at 10% of the total amount of public funds in the applicable account. Digital assets must be held in a secure custody solution or by a qualified custodian. The bill also defines terms such as "Bitcoin," "digital financial asset," and "secure custody solution." The provisions aim to enhance the economic security and financial resilience of the commonwealth.