Bill > SB143

This bill, the Inflation Protection Act of 2026, amends West Virginia law to allow the Board of Treasury Investments to invest public funds in precious metals, digital assets like bitcoin that have a market capitalization exceeding $750 billion averaged over the previous calendar year, and stablecoins, which are digital currencies designed to maintain a stable value. These investments are limited to 10% of the total funds in any given account at the time of purchase, and while the board doesn't have to sell holdings if they exceed this percentage due to market fluctuations, they cannot make new purchases until the amount falls below 10%. The bill also outlines how digital assets and precious metals should be held, including through secure custody solutions, qualified custodians, or exchange-traded products, and specifies that stablecoins must have regulatory approval from U.S. authorities. Additionally, the Treasurer is authorized to engage in staking and loaning of digital assets for potential returns, provided it doesn't increase financial risk to the state, and state retirement funds are permitted to invest in exchange-traded products registered with relevant financial regulatory bodies. The Treasurer is empowered to establish rules for these new investment powers.

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http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=143&year=2026&sessiontype=RS&btype=bill