- West Virginia’s invoice would permit the Treasury Division to speculate 10 p.c in treasured metals, stablecoins and digital property.
- Arizona advances invoice that might permit authorities companies to just accept Bitcoin for taxes, charges, and penalties.
- Texas and New Hampshire have set precedents in adopting Bitcoin reserves via state-wide buy legal guidelines.
Bitcoin is not only a Wall Road or Silicon Valley matter. State governments throughout the nation are regularly beginning to think about how Bitcoin may be included into their funds. Two new developments in West Virginia and Arizona present this pattern is taking form.
West Virginia proposes Bitcoin and gold as inflation protect
West Virginia lawmakers have launched Senate Invoice 143, often called the Inflation Safety Act of 2026. The invoice would permit state treasuries to speculate as much as 10% of their funds in treasured metals and choose digital property as a hedge towards inflation.
The proposal would solely cowl digital property with a market capitalization of greater than $750 billion. At present, this requirement successfully limits eligibility to Bitcoin. The invoice would additionally permit funding in accredited stablecoins and bodily property comparable to gold.
The invoice was launched by State Sen. Chris Rose and has been despatched to committee for evaluation as of January 2026.
Associated: Coinbase withdraws assist for CLARITY Act as a consequence of restrictions
Arizona advances invoice to just accept Bitcoin for taxes and costs
On the identical day, Arizona lawmakers superior a separate however associated effort. Senate Invoice 1043, launched by State Sen. Wendy Rogers, handed second studying within the Arizona Senate.
If accredited, the invoice would permit state companies to just accept Bitcoin for taxes, charges, and penalties. The acquired cryptocurrencies are instantly exchanged into US {dollars}, making certain that the nation doesn’t retain any worth danger.
Arizona lawmakers additionally proposed a companion invoice, SB1042, that might permit as much as 10% of sure public funds to be allotted to a Bitcoin strategic reserve fund. Each payments are presently earlier than the Senate Finance Committee, making them one of many strongest Bitcoin advances in any U.S. state this yr.
Comparable developments and why this issues
Taken collectively, these traits point out that U.S. states are not utterly rejecting Bitcoin. Texas has already set a precedent by placing Bitcoin instantly on its stability sheet via a $10 million Treasury buy, whereas New Hampshire has gone a step additional by passing the primary formal legislation permitting public funds to be allotted to Bitcoin.
On the identical time, related efforts have stalled or failed in a number of different states, together with Montana, South Dakota, North Dakota, Pennsylvania and Utah, as a consequence of political opposition and monetary warnings.
Associated: New York State Legal professional Requires Cryptocurrency Regulation to Strengthen Public Security
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any type. Coin Version is just not answerable for any losses incurred on account of the usage of the content material, merchandise, or companies talked about. We encourage our readers to carry out due diligence earlier than taking any motion associated to our firm.