West Virginia Senator Proposes Invoice to Enable State Treasury Investments in Crypto and Gold

West Virginia State Senator Chris Rose has launched the Inflation Safety Act of 2025, a invoice that will allow the state treasury to allocate a portion of its funds to digital belongings and valuable metals.

Filed on February 14, the invoice units particular standards for digital asset investments, limiting them to cryptocurrencies with a market capitalization exceeding $750 billion.

At current, Bitcoin (BTC) is the one digital asset that meets this threshold. Stablecoins are additionally included within the proposal.

West Virginia Invoice Proposes 10% State Treasury Allocation to Crypto and Gold

Below the invoice’s provisions, the state treasury could be allowed to take a position as much as 10% of its complete holdings in digital belongings and valuable metals.

The belongings might be held both on-chain or via exchange-traded funds (ETFs).

Senator Rose’s proposal is a part of a rising pattern amongst U.S. states contemplating Bitcoin and digital asset reserves as a hedge in opposition to inflation and authorities spending deficits.

On January 23, former U.S. President Donald Trump commissioned a working group to discover the feasibility of a federal digital asset reserve, prompting a wave of comparable initiatives on the state degree.

Utah has already made progress on this entrance.

On February 6, the Utah Home of Representatives handed a invoice permitting the state treasury to put money into Bitcoin, choose altcoins, and stablecoins. The invoice is now into account within the Utah Senate.

The identical day, Kentucky joined the motion by introducing a invoice that will allow as much as 10% of state funds to be invested in digital belongings, together with Bitcoin.

In the meantime, Michigan grew to become the newest state to suggest a strategic digital asset reserve, with Representatives Bryan Posthumus and Ron Robinson introducing laws on February 13.

In contrast to different states, Michigan’s proposal doesn’t impose restrictions on the kind of digital belongings included within the reserve.

Extra U.S. States Suggest Bitcoin Reserve Payments

Earlier this week, Texas lawmakers reintroduced a invoice aimed toward establishing a state-run Bitcoin reserve, this time broadening its scope to incorporate different digital belongings that meet particular standards.

The Texas submitting got here after Florida Republican Senator Joe Gruters launched a invoice proposing that the state allocate a portion of its funds to Bitcoin and different digital belongings as a hedge in opposition to inflation.

Arizona has additionally moved its respective payments past the Home committee stage, whereas North Carolina just lately launched a measure to allow state investments in Bitcoin exchange-traded merchandise.

In the meantime, North Dakota opted in opposition to advancing the same proposal.

In one other optimistic improvement, US spot Bitcoin exchange-traded funds (ETFs) noticed inflows totaling almost $5 billion in January, a powerful begin that might push them towards $50 billion or extra by the top of the 12 months, based on Bitwise CIO Matt Hougan.

The publish West Virginia Senator Proposes Invoice to Enable State Treasury Investments in Crypto and Gold appeared first on Cryptonews.