West Virginia Senator Chris Rose has proposed a bill allowing the state treasury to invest up to 10% of its funds in Bitcoin or precious metals to hedge against inflation. The bill specifies that the state treasury can invest in digital assets with a market capitalization exceeding $750 billion, currently only Bitcoin meets the criteria. The assets can be held on-chain or invested through ETFs.
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West Virginia Senator Chris Rose has proposed a bill allowing the state treasury to invest up to 10% of its funds in Bitcoin or precious metals to hedge against inflation. The bill specifies that the state treasury can invest in digital assets with a market capitalization exceeding $750 billion, currently only Bitcoin meets the criteria. The assets can be held on-chain or invested through ETFs.