House Bill No. [insert bill number] proposes the creation of a state special revenue account known as the "Inflation Protection Act of 2025," which will be managed by the Board of Investments. This account will be funded through legislative transfers and will focus on investments in precious metals, digital assets, and stablecoins. The bill defines key terms such as "digital asset," "precious metal," and "stablecoin," and outlines the criteria for the types of digital assets that can be included in the account, specifically those with a market capitalization exceeding $750 billion averaged over the previous calendar year.

Additionally, the bill mandates a transfer of up to $50 million from the general fund to the newly established account by July 15, 2025. It also includes provisions for the investment of funds in the account, which must be held by a qualified custodian. The effective date for the implementation of this act is set for July 1, 2025. The bill aims to provide a structured approach to investing state funds in assets that may offer protection against inflation.