Iowa SF403 allows the treasurer to invest public moneys in digital assets and precious metals.

Iowa SF403, known as the Inflation Protection Act, allows the treasurer to invest up to 5 percent of public moneys from the general fund, cash reserve fund, and Iowa economic emergency fund in precious metals, digital assets with a market capitalization over $750 billion, and stablecoins. Digital assets must generate revenue without increasing financial risk. If taxes or fees are paid in digital assets with a market capitalization over $750 billion or stablecoins, they must be transferred to the general fund and reimbursed with U.S. currency.

Iowa SF403 allows the treasurer to invest public moneys in digital assets and precious metals.

Iowa SF403, known as the Inflation Protection Act, allows the treasurer to invest up to 5 percent of public moneys from the general fund, cash reserve fund, and Iowa economic emergency fund in precious metals, digital assets with a market capitalization over $750 billion, and stablecoins. Digital assets must generate revenue without increasing financial risk. If taxes or fees are paid in digital assets with a market capitalization over $750 billion or stablecoins, they must be transferred to the general fund and reimbursed with U.S. currency.