SB465

Creating WV Treasurer's Investment in Precious Metals and Digital Currency Act

Introduced·2/14/25
Intr Text

West Virginia SB465 allows the Board of Treasury Investments to invest in precious metals, digital assets, and stablecoins, with specific guidelines.

West Virginia SB465, the Inflation Protection Act of 2025, amends the state code to allow the Board of Treasury Investments to invest in precious metals, digital assets with a market cap over 750 billion dollars, and stablecoins. Investments in these assets must not exceed 10% of the total public funds. The bill defines terms such as "digital asset," "private key," and "secure custody solution," and outlines how these assets should be held. It also allows the state Treasurer to engage in staking and loaning digital assets under certain conditions.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking and Insurance Committee
Next
Session adjourned — paused until it reconvenes

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Feb 14, 2025

Senate

Filed for introduction

Feb 14, 2025

Senate

To Banking and Insurance then Finance

Feb 14, 2025

Senate

Introduced in Senate