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 allow the Board of Investments to manage the investments.

Additionally, the bill mandates a transfer of up to $50 million from the general fund to the newly created account by July 15, 2025. The Board of Investments is authorized to invest in precious metals, digital assets with a market cap exceeding $750 billion, and stablecoins. The bill also includes provisions for codification and specifies that it will take effect on July 1, 2025. Notably, the bill removes the requirement for funds to be held by a qualified custodian or through an exchange-traded fund, streamlining the investment process.