West Virginia bill would permit treasury to invest in Bitcoin, stablecoins and metals

West Virginia State Senator Chris Rose introduced a bill to the state legislature on Wednesday that would allow the state’s Board of Treasury to invest in certain digital assets, stablecoins and precious metals.

The proposal, called the Inflation Protection Act, would amend state code to let the treasury invest up to 10% in precious metals, digital assets with a market capitalization of more than $750 billion from the previous calendar year, and stablecoins. The market-cap threshold would have applied only to Bitcoin as of January. According to the text of the bill, any digital asset acquired could be held by a qualified custodian, in an exchange-traded product or through a secure custody solution, and any stablecoins would need regulatory approval from the US government or individual state governments.

Several US states have proposed similar measures; although many lawmakers introduced legislation in 2025, only Texas, Arizona and New Hampshire passed laws allowing state-level crypto reserves. It is unclear as of Thursday whether Rose’s bill will have enough support to pass; lawmakers referred the bill to the Committee on Banking and Insurance. The bill was introduced as the US Senate postponed a markup of the CLARITY Act, a separate bill to establish digital asset market structure that has drawn criticism over its provisions on decentralized finance, stablecoin rewards and regulatory roles.

Key Topics

Crypto, Bitcoin, Stablecoins, West Virginia, Chris Rose, Inflation Protection Act