Establishes a digital currency backed by gold in West Virginia.
West Virginia SB172 establishes a digital currency backed by gold, managed by the State Treasurer. The digital currency represents a fraction of a troy ounce of gold held in trust. The State Treasurer can issue the currency upon purchase and redeem it for gold or money, with fees covering administrative costs. The gold is held outside the state treasury and is not subject to legislative appropriation. The act takes effect on September 1, 2026.
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