West Virginia's BTC reserve bill is 'freedom' from a CBDC — State Senator

Quick Summary:

Related: Texas Senate passes Bitcoin strategic reserve billRose clarified that the 10% of state funds allocated to precious metals, stablecoins, or Bitcoin would be sourced from two key areas.“It would be the assets under the pensions fund and under the severance tax fund,” Rose said.“They would be able to divest some of those ETF funds into these assets.

People want decentralized currency.They want freedom.”The bill, introduced in February, seeks to allow the state treasury to invest up to 10% of public funds in precious metals like gold and silver, stablecoins, or any digital asset that has had a $750 million market capitalization or higher over the last 12 months.

We also have people that don’t understand it, and people are always afraid of what they don’t know.”He added that “once they understand it, they realize it’s a very powerful investment tool and freedom tool for every one of us to adopt.”Excerpt of West Virginia Bitcoin reserve bill.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Bill Understand People Bitcoin West Rose Digital State Virginia Want Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 21:15:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27547996

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 22 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions