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The Coin Rise 2025-02-15 10:01:09

West Virginia Proposes Bill to Establish Digital Asset Reserve

West Virginia has joined the growing list of U.S. states exploring cryptocurrency investments, with State Senator Chris Rose introducing The Inflation Protection Act of 2025 on Feb. 14. The bill seeks to allow the state’s treasury to allocate a portion of its holdings into digital assets and precious metals as a hedge against inflation. Under the proposed legislation, the West Virginia Treasury would have the authority to invest in digital assets with a market capitalization exceeding $750 billion. Currently, Bitcoin is the only cryptocurrency that meets this threshold. The bill limits such investments to 10% of the state’s total funds and allows holdings to be managed either onchain or through exchange-traded funds (ETFs). This proposal aligns with a broader national conversation on Bitcoin reserves, particularly after U.S. President Donald Trump commissioned a working group in January to assess the feasibility of a federal digital asset reserve. West Virginia Joins the Growing List West Virginia is the latest in a series of U.S. states introducing legislation to integrate Bitcoin into government financial strategies. On Feb. 6, Utah’s House of Representatives passed a bill permitting the state treasury to invest in Bitcoin, high-value altcoins, and stablecoins. The bill now moves to the Utah Senate for further consideration. Kentucky also introduced a digital asset reserve bill on the same day, proposing an allocation of up to 10% of state funds into cryptocurrencies, including Bitcoin. Meanwhile, Michigan lawmakers Bryan Posthumus and Ron Robinson proposed similar legislation on Feb. 13, though their bill does not restrict the type of digital assets the state can invest in. These legislative moves suggest a growing recognition among state governments of Bitcoin’s potential role as a store of value, especially in response to concerns over inflation and deficit spending. A shifting landscape As more states consider adding Bitcoin to their reserves, the momentum behind such proposals is accelerating. While most bills emphasize limited allocations to digital assets, the trend indicates an increasing willingness to integrate crypto into state-level financial planning. With the West Virginia bill now in the legislative pipeline, the discussion over Bitcoin as a reserve asset is expected to intensify, both at the state and federal levels. The post West Virginia Proposes Bill to Establish Digital Asset Reserve appeared first on TheCoinrise.com .

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