West Virginia Bill Proposes State Investment in Digital Assets
- A West Virginia bill proposes allowing the state to invest up to 10% of public funds in Bitcoin, stablecoins, and precious metals.
- Senate Bill 465 would permit investments in crypto assets with market caps exceeding $750 billion over the previous year.
- Bitcoin is currently the only cryptocurrency meeting this market cap criterion.
- The bill allows investments in silver, gold, and platinum without specific market cap requirements for stablecoins.
- Crypto assets must be held securely by a qualified custodian or through an ETF.
West Virginia’s proposed Senate Bill 465 aims to diversify state investments by including Bitcoin and precious metals, with specific criteria for secure custody and regulatory compliance.
Source (2.6)https://dailyhodl.com/2025/02/18/west-virginia-senator-introduces-bill-that-allows-state-to-invest-10-of-reserves-in-digital-assets/?rand=59076
