West Virginia state legislator proposes to allow state finance to invest in Bitcoin
Senator Chris Rose of West Virginia, USA, has proposed a bill that would allow the state treasury to invest up to 10% of its funds in Bitcoin or precious metals as a hedge against inflation. The bill stipulates that the treasury can invest in digital assets with a market value exceeding $750 billion, currently only Bitcoin meets this standard. Assets can be held on-chain or invested through ETFs.
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