The proposed bill, titled the "Inflation Protection Act of 2025," aims to amend the Code of West Virginia by introducing new provisions related to state investments. It establishes definitions for various financial terms, including "digital asset," "Exchange-Traded Product (ETP)," and "precious metal," among others. The bill allows the Board of Treasury Investments to invest a portion of public funds in precious metals, digital assets with a market cap exceeding $750 billion, and stablecoins, with a cap of 10% of total public funds in any account. It also outlines the conditions under which these assets can be held, emphasizing the use of a Secure Custody Solution for digital assets and specifying the regulatory approvals required for stablecoins.

Additionally, the bill permits state retirement funds to invest in Exchange-Traded Products that are registered with relevant regulatory bodies. It empowers the state treasurer to propose rules for legislative approval regarding the implementation of these investment strategies. The legislation aims to clarify and expand investment opportunities for the state while ensuring compliance with established regulations and safeguarding public funds.

Statutes affected:
Introduced Version: 12-4C-1, 12-4C-2, 12-4C-3, 12-4C-4, 12-4C-5