A hearing will be held in Massachusetts, USA to review the Bitcoin Reserve Bill

ChainCatcher news, according to Cointelegraph, a committee of the Massachusetts state legislature plans to discuss a Bitcoin strategic reserve bill that was first proposed in February. In an update on the "Bitcoin Strategic Reserve" bill introduced by Republican State Senator Peter Durant, the Massachusetts Joint Committee on Revenue will hold a hearing to review the bill.

It is currently unclear how likely any Republican-led bill is to pass in the Massachusetts legislature. The Democrats currently hold an absolute majority in both the state House and Senate, and control the governor's office. All representatives from the state in the U.S. House and Senate are also Democrats. The bill proposed by Durant would allow "any Bitcoin or other digital assets seized by the Commonwealth of Massachusetts" to be deposited into the reserve and authorize the state treasury to invest up to 10% of the Massachusetts Stabilization Fund in cryptocurrencies.