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West Virginia Legislator Introduces Bill to Allow State Treasury to Invest in Cryptocurrency and Gold
West Virginia State Senator Chris Rose has introduced the Inflation Safety Act of 2025, a bill that will permit the state treasury to invest a portion of its funds in digital assets and precious metals.
Submitted on February 14, the bill establishes specific criteria for digital asset investments, restricting them to cryptocurrencies with a market capitalization exceeding $750 billion.
Currently, Bitcoin (BTC) is the only digital asset that meets this criterion. Stablecoins are also included in the proposal.
West Virginia Bill Proposes 10% State Treasury Allocation to Crypto and Gold
Under the bill’s provisions, the state treasury would be permitted to invest up to 10% of its total holdings in digital assets and precious metals.
The assets may be held either on-chain or through exchange-traded funds (ETFs).
Senator Rose’s proposal is part of a growing trend among U.S. states considering Bitcoin and digital asset reserves as a safeguard against inflation and government spending deficits.
On January 23, former U.S. President Donald Trump established a working group to assess the feasibility of a federal digital asset reserve, leading to a surge of similar initiatives at the state level.
Utah has already made strides in this area.
On February 6, the Utah House of Representatives passed a bill allowing the state treasury to invest in Bitcoin, select altcoins, and stablecoins. The bill is currently under consideration in the Utah Senate.
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On the same day, Kentucky joined the movement by introducing a bill that would permit up to 10% of state funds to be invested in digital assets, including Bitcoin.
WEST VIRGINIA – ON THE MAP! https://t.co/gMjhaoJel1 pic.twitter.com/fOUiitMdrP
— Bitcoin Legal Laws (@Bitcoin_Laws) February 14, 2025
Meanwhile, Michigan has become the latest state to propose a strategic digital asset reserve, with Representatives Bryan Posthumus and Ron Robinson presenting legislation on February 13.
Unlike other states, Michigan’s proposal does not impose limitations on the types of digital assets included in the reserve.
More U.S. States Propose Bitcoin Reserve Bills
Earlier this week, Texas lawmakers reintroduced a bill aimed at creating a state-run Bitcoin reserve, this time expanding its scope to include other digital assets that meet specific criteria.
The Texas filing followed Florida Republican Senator Joe Gruters’ introduction of a bill proposing that the state allocate a portion of its funds to Bitcoin and other digital assets as a hedge against inflation.
Arizona has also advanced its respective bills beyond the House committee stage, while North Carolina recently introduced a measure to permit state investments in Bitcoin exchange-traded products.
Meanwhile, North Dakota chose not to advance a similar proposal.
In another positive development, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced inflows totaling nearly $5 billion in January, a strong start that could propel them toward $50 billion or more by the end of the year, according to Bitwise CIO Matt Hougan.
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