House Bill No. introduced by a group of legislators aims to create a state special revenue account dedicated to investing in precious metals and digital assets, as determined by the Board of Investments. The bill is titled the "Inflation Protection Act of 2025" and includes definitions for key terms such as "digital asset," "exchange-traded product," "precious metal," and "stablecoin." The legislation establishes an Inflation Protection Act state special revenue account within the state special revenue fund, which will be funded by legislative transfers and will require that any investment proceeds remain in the account.

Additionally, the bill authorizes the Board of Investments to invest funds in the account in precious metals, digital assets with a market capitalization exceeding $750 billion, and stablecoins. A significant change in the bill is the removal of the requirement for these funds to be held by a qualified custodian or through an exchange-traded fund. By July 15, 2025, the state treasurer is mandated to transfer up to $50 million from the general fund to this newly established account, with the act set to take effect on July 1, 2025.