[West Virginia Legislator's Bill on 'State Treasury's Ability to Invest in Cryptocurrencies' Submitted for Legislative Review] According to Cointelegraph, West Virginia State Senator Chris Rose submitted a bill to the state legislature on Wednesday, proposing an amendment to the state code to allow the State Treasury Board to invest up to 10% of its funds in precious metals, certain digital assets, and stablecoins. Under this proposal, titled the 'Inflation Protection Act,' the State Treasury would be permitted to invest in precious metals, digital assets with a market capitalization exceeding $750 billion in the previous year (currently, only Bitcoin meets this criterion), and stablecoins that have received regulatory approval from the U.S. federal government or state governments. The bill stipulates that purchased digital assets can be held by qualified custodians or managed through exchange-traded products and secure custody solutions. If the bill is passed, West Virginia would become the latest state to allow state-level holdings of crypto assets, following Texas, Arizona, and New Hampshire. The bill has currently been submitted to the Banking and Insurance Committee for review.