SB 143
Inflation Protection Act of 2026
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 143, the Inflation Protection Act of 2026, aims to allow the West Virginia Treasurer to invest state funds in a broader range of assets, including precious metals, certain digital assets (specifically those with a market cap exceeding $750 billion), and stablecoins. The bill establishes specific requirements for securing these digital assets, emphasizing secure custody solutions and regulatory compliance. It also permits investments in exchange-traded products for the state retirement fund.
Key provisions
- Allows the Board of Treasury Investments to invest up to 10% of public funds in precious metals, digital assets (over $750 billion market cap), and stablecoins.
- Requires digital assets to be held through a Secure Custody Solution, meeting stringent security requirements.
- Permits the State Retirement Fund to invest in Exchange-Traded Products.
- Establishes rules for implementing the investment provisions, aligning with existing state regulations.
- Allows the Treasurer to engage in staking and loaning of digital assets under specific conditions.
- Specifies how precious metals should be held – as Exchange Traded Products, by a qualified custodian, or directly by the state.
- Defines key terms related to digital assets, including ‘digital asset,’ ‘Exchange-Traded Product,’ ‘precious metal,’ ‘private key,’ and ‘Secure Custody Solution.’
- Outlines the requirements for stablecoin investments, including regulatory approval.
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