West Virginia Lawmaker Proposes Allowing State Treasury to Invest in Bitcoin

BlockBeats News, February 15th, West Virginia Senator Chris Rose introduced a bill proposing to allow the state's treasury to invest up to 10% of its funds in Bitcoin or precious metals to hedge against inflation risk. The bill stipulates that the state treasury may invest in digital assets with a market cap exceeding $750 billion, with currently only Bitcoin meeting the criteria. The assets can be held on-chain or invested through ETFs.