An Act allowing for fiscal resilience through authorization of strategic investment in stable digital financial assets

This bill would allow Massachusetts state officials to invest public funds in Bitcoin and other stable digital financial assets as a strategy to protect against inflation and enhance financial resilience. The legislation permits the state treasurer to allocate up to 10 percent of specific state funds, including the General Fund and pension trust funds, into these digital assets. It establishes strict security requirements for custody, mandating that private keys be controlled exclusively by government entities and stored in encrypted, geographically diversified data centers. The bill also defines key terms like "digital financial asset" and "qualified custodian" to ensure clarity about what assets can be held and by whom.