West Virginia Bill Would Let Treasury Invest 10% in Crypto, Gold
Senator Chris Rose introduced a bill that would permit the West Virginia Treasury to invest as much as 10% of its portfolio in precious metals and digital assets, including cryptocurrencies. The proposal frames the move as a diversification strategy for state funds, pairing traditional safe-haven assets like gold with emerging digital stores of value. Proponents argue it could shore up returns and modernize reserve management.
The bill's passage would mark a notable state-level expansion of public-sector exposure to crypto and could influence other states watching fiscal diversification experiments. Critics will likely point to volatility and custody risks, so legislative debate is expected over safeguards, reporting requirements and limits. The measure has been filed for this session and will face committee review as lawmakers weigh potential benefits against financial and regulatory risks.