PANews January 16 News, according to Cointelegraph, U.S. West Virginia State Senator Chris Rose submitted a bill to the state legislature on Wednesday proposing amendments to the state code that would allow the state finance committee to invest up to 10% of funds in precious metals, certain digital assets, and stablecoins.
Under the proposed “Inflation Protection Act,” the state treasury can invest in precious metals, digital assets with a market cap exceeding $750 billion in the previous year (currently only Bitcoin qualifies), and stablecoins approved by U.S. or state regulators. The bill stipulates that purchased digital assets can be held by qualified custodians or managed through exchange-traded products and secure custody solutions. If passed, West Virginia will become the fourth state after Texas, Arizona, and New Hampshire to allow state-level holdings of crypto assets. The bill has been submitted to the Banking and Insurance Committee for review.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hedera and Bitcoin Price Prediction Strengthens As PayPal and SEC Lead Today’s Crypto News – APEM...
The crypto market is gaining renewed confidence as major assets like Bitcoin and Hedera continue to show resilience amid institutional activity. Bitcoin’s ability to hold above key levels while Hedera attracts enterprise-driven interest is reinforcing bullish sentiment. This environment is pushing i
BlockChainReporter10m ago
Strategy Holds Strong With $53.5B In Bitcoin Amid 50% Market Drawdown
_MSTRStrategy holds about $53.5B in Bitcoin, equal to 3.6% of total supply after a 50% market decline in recent months._
_Bernstein keeps a $150K Bitcoin price target for 2026 while noting BTC may have reached a market bottom._
_Strategy raised $7.3B in 2026 to expand Bitcoin holdings,
LiveBTCNews32m ago
21Shares: Actively Managed Crypto ETPs Emerge as New Investment Trend, Global Active ETF Assets Near $1.8 Trillion
21Shares President Duncan Moir stated that actively managed crypto ETPs will become a new market trend, with global assets expected to reach 1.8 trillion dollars by 2025. 21Shares emphasized combining autonomous strategy to manage risk and has launched products linked to high-yield strategies. Market demand for complex structures and staking products is growing, and Duncan Moir pointed out the need to develop new products based on internal research and market trends.
GateNews33m ago
Canadian-listed fintech company DELX plans to launch Bitcoin treasury strategy
Jinse Finance reported that on March 24, Canadian-listed fintech company Delphx Capital Markets Inc (ticker: $DELX) just announced plans to launch a Bitcoin treasury strategy and will purchase 50 million dollars worth of Bitcoin.
金色财经_38m ago
