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West Virginia Introduces Bill to Allocate 10% of State Funds to Bitcoin

West Virginia Introduces Bill to Allocate 10% of State Funds to Bitcoin

The Inflation Protection Act proposes allowing up to 10% of state reserves in precious metals, qualifying digital assets, and approved stablecoins to mitigate inflation risks.

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Fact Check
The assessment is based on strong, consistent evidence from multiple relevant sources. Two sources with high relevance directly corroborate the core elements of the statement. One source reports that a bill was introduced in West Virginia proposing the state be allowed to invest "up to 10% of certain funds in digital assets." Another source confirms a bill was proposed in West Virginia to permit the state treasury to invest in cryptocurrencies. While the original statement simplifies some details — the bill allows for investment in a range of "digital assets" (not exclusively Bitcoin) and specifies "up to 10%" of "certain funds" (not a fixed 10% of all state funds) — the fundamental claim is well-supported. The existence of a bill in West Virginia concerning state investment in crypto up to a 10% threshold is confirmed. The other provided sources are irrelevant to the specific topic and do not offer any contradictory evidence. Therefore, the statement is largely accurate, with only minor simplifications.
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Summary

West Virginia Senator Chris Rose introduced the Inflation Protection Act, permitting the state treasury to invest up to 10% of reserves in precious metals, large-cap digital assets, and approved stablecoins. The bill, currently under review by the Banking and Insurance Committee, sets criteria for digital asset eligibility, notably a market capitalization exceeding $750 billion. As of January 2026, Bitcoin remains the only qualifying cryptocurrency. This legislative move aims to hedge against inflation and reflects expanding state-level interest in diversified reserve management.

Terms & Concepts
  • Digital Reserve Asset: A cryptocurrency held by institutions as a store of value or inflation hedge within reserve portfolios.
  • Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the circulating supply.
  • Stablecoin: A type of cryptocurrency pegged to a stable asset, such as a fiat currency, to minimize price volatility.