Massachusetts legislation · 194th General Court
Massachusetts S2008: An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
Status: Failed, July 23, 2026
What the bill says
From the introduced text, February 27, 2025:
SECTION 1. The General Laws are hereby amended by inserting after chapter 64N the following new chapter:- CHAPTER 64O. Taxation and Investment in Digital Financial Assets Section 1. Intent (a) It shall be the intent of the General Court to authorize the state treasurer and public pension funds to: (i) permit the inclusion of bitcoin and other stable digital financial assets to serve as stores of value and provide a hedge against inflation, thereby protecting the purchasing power of state funds; (ii) ensure that the investment strategies employed by the state treasurer and public pension funds are aligned with the goal of enhancing the economic security and financial resilience of the commonwealth; and (ii) allow flexibility in investment decisions to respond to changing economic conditions and emerging opportunities that may offer better protection or returns on state funds. Section 2. Definitions As used in this chapter, the following terms shall have the following meanings unless the context clearly requires otherwise: "Bitcoin", the decentralized digital currency launched in 2009, a digital asset which is the basis of the Bitcoin exchange traded product which is regulated by the federal securities and exchange commission. "Digital financial asset", any digital representation of value that is recorded on a cryptographically secured distributed ledger of virtual currency, cryptocurrencies, natively electronic assets including stablecoins and non-fungible tokens …
Sponsors
- Barry Finegold (D) · primary sponsor
Latest actions
- : Accompanied a study order, see H5596
- : Reporting date extended to Thursday June 25, 2026
- : Hearing rescheduled to 10/07/2025 from 01:00 PM-02:00 PM in A-2 and Virtual<br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>
- : Hearing scheduled for 10/07/2025 from 01:00 PM-05:00 PM in A-2
- : House concurred
- : Referred to the committee on Revenue
Common questions
- What is S2008?
- S2008 is a bill in the Massachusetts Legislature (194th General Court): An Act allowing for fiscal resilience through strategic investment in stable digital financial assets.
- What is the status of S2008?
- Failed as of July 23, 2026. Latest action: Accompanied a study order, see H5596 (July 23, 2026).
- Who sponsored S2008?
- Barry Finegold (D).
- Where is the official record for S2008?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S2008
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.