West Virginia lawmakers have introduced Senate Bill 143, proposing that the state treasury allocate up to 10% of its funds into Bitcoin, stablecoins, and gold. Dubbed the "Inflation Protection Act of 2026," the bill aims to use these assets as a hedge against inflation. The proposal includes strict eligibility criteria, requiring digital assets to have a market capitalization above $750 billion, effectively limiting the current eligible assets to Bitcoin. Meanwhile, Arizona is advancing legislation with a different focus. Senate Bill 1043 would allow state agencies to accept Bitcoin for taxes, fees, and fines, with an immediate conversion to U.S. dollars to avoid holding crypto. Additionally, Arizona's SB1042 proposes a strategic Bitcoin reserve, permitting up to 10% of certain public funds to be allocated to Bitcoin, following a similar framework to Texas and New Hampshire.
West Virginia Proposes 10% Treasury Allocation to Bitcoin, Stablecoins, and Gold
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