🚀 West Virginia Proposes Digital Asset Investment Bill
#WestVirginia #DigitalAssets #InvestmentBill #InflationProtectionAct #Bitcoin #Stablecoins #ETFs #StateLegislation #CryptoInvestment #DigitalAssetReserves #VanEck #Utah #Kentucky #Michigan #StrategicReserves #CurrencyInflation #BTC
According to Cointelegraph, West Virginia State Senator Chris Rose has introduced a legislative proposal known as The Inflation Protection Act of 2025. This bill aims to permit the state's treasury to invest a portion of its holdings in digital assets or precious metals. Submitted on February 14, the bill outlines provisions for the West Virginia Treasury to invest in digital assets with a market capitalization exceeding $750 billion, including stablecoins. Currently, Bitcoin (BTC) is the only digital asset meeting this market cap requirement.
The proposed legislation stipulates that the treasury can allocate up to 10% of its total funds into digital assets and precious metals. The state has the option to hold these assets onchain or through exchange-traded funds (ETFs). Senator Rose's initiative is part of a broader trend of state-level legislative proposals aimed at establishing strategic reserves in Bitcoin or other digital assets as a hedge against currency inflation driven by structural deficit spending.
In a related development, U.S. President Donald Trump commissioned a working group on January 23 to explore the feasibility of a digital asset reserve for the federal government. Since then, several U.S. states have introduced or advanced legislation to create digital asset reserves. A recent analysis by asset management firm VanEck highlighted potential Bitcoin demand from states with pending strategic reserve legislation.
In Utah, a bill allowing the state treasury to invest in Bitcoin, high-value altcoins, and stablecoins passed the House of Representatives on February 6 and is now awaiting a Senate vote. Similarly, Kentucky has introduced a bill permitting up to 10% of state funds to be allocated to digital assets, including Bitcoin. Meanwhile, Michigan has joined the list of states with strategic digital asset reserve proposals. Representatives Bryan Posthumus and Ron Robinson introduced legislation on February 13, although the Michigan proposal does not specify restrictions on the types of digital assets to be included in the reserve.#WestVirginia #DigitalAssets #InvestmentBill #InflationProtectionAct #Bitcoin #Stablecoins #ETFs #StateLegislation #CryptoInvestment #DigitalAssetReserves #VanEck #Utah #Kentucky #Michigan #StrategicReserves #CurrencyInflation #BTC
🚀 West Virginia Senator Proposes Bill for State Investment in Digital Assets
#WestVirginia #ChrisRose #DigitalAssets #InflationProtectionAct #StateInvestment #PreciousMetals #Stablecoins #Bitcoin #CryptoAssets #BankingAndInsuranceCommittee #Legislation #BTC
According to ChainCatcher, West Virginia Senator Chris Rose has introduced a bill to the state legislature proposing amendments to the state code. The bill suggests allowing the State Treasury Board to invest up to 10% of its funds in precious metals, specific digital assets, and stablecoins.
The proposal, named the 'Inflation Protection Act,' would permit the state treasury to invest in precious metals, digital assets with a market capitalization exceeding $750 billion in the previous year (currently only Bitcoin meets this criterion), and stablecoins approved by U.S. federal or state regulators.
The bill stipulates that the acquired digital assets can be held by qualified custodians or managed through exchange-traded products and secure custody solutions. If passed, West Virginia would join Texas, Arizona, and New Hampshire in allowing state-level holdings of crypto assets. The bill is currently under review by the Banking and Insurance Committee.#WestVirginia #ChrisRose #DigitalAssets #InflationProtectionAct #StateInvestment #PreciousMetals #Stablecoins #Bitcoin #CryptoAssets #BankingAndInsuranceCommittee #Legislation #BTC