Creating WV Treasurer's Investment in Precious Metals and Digital Currency Act

The "Inflation Protection Act of 2025" (SB 465) allows West Virginia's state treasurer to invest up to 10% of public funds in precious metals (gold, silver, platinum) and specific digital assets, including stablecoins and cryptocurrencies with a market cap exceeding $750 billion. It requires digital assets to be held using a secure custody system that protects private keys and meets strict security standards, and mandates regulatory approval for stablecoins. The state retirement funds can also invest in exchange-traded products for these assets. The bill sets a 10% investment cap to limit risk and ensures safety through defined custody and regulatory requirements.