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Read. Follow. Verify.West Virginia authorizes state payments to vendors using qualifying U.S. dollar-backed stable tokens
Last action · February 26, 2026: To House FinanceSponsors: Brian Helton and 3 others
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What This Bill Proposed
West Virginia establishes the Financial Accountability Act, allowing the State Treasurer to authorize the voluntary use of qualifying U.S. dollar-backed digital stable tokens for payments to state vendors and contractors. State vendors cannot be forced to accept stable tokens, and participation is entirely voluntary. The State Treasurer will oversee administration, set fees, propose implementing rules, and report annually to the Legislature.
State contractors and vendors gain a new digital payment option that promises reduced transaction costs, while public funds rely on strict reserve requirements backed by U.S. dollars or short-term Treasuries.
- Stable tokens are digital assets whose values are pegged to a reserve asset, typically fiat currency like the U.S. dollar. context
- The State Treasurer of West Virginia manages state financial transactions, cash flows, and investments. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
State vendors and contractors
State vendors and contractors are offered a voluntary digital token payment option for settling state obligations, subject to fee disclosures.
State Treasurer of West Virginia
The State Treasurer gains authority and responsibility for vetting stable tokens, establishing security standards, maintaining an approved list, and submitting annual reports.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Can the state force a vendor or contractor to accept payment in stable tokens?
What assets are allowed to back an authorized stable token?
Who is responsible for overseeing and authorizing stable tokens under this act?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · passed the Senate · in House committee.
Procedural history
19 actions- Feb 26, 2026HouseCommitteeTo House Finance
- Feb 26, 2026HouseCommitteeTo Finance
- Feb 26, 2026HouseIntroducedIntroduced in House
- Feb 26, 2026HouseHouse received Senate message
- Feb 25, 2026SenateOrdered to House
- Feb 25, 2026SenateFloorPassed Senate (Roll No. 223)
Show 13 earlier actions
- Feb 25, 2026SenateRead 3rd time
- Feb 25, 2026SenateOn 3rd reading
- Feb 24, 2026SenateRead 2nd time
- Feb 24, 2026SenateOn 2nd reading
- Feb 23, 2026SenateRead 1st time
- Feb 23, 2026SenateOn 1st reading
- Feb 21, 2026SenateCommitteeReported do pass
- Feb 12, 2026SenateCommitteeTo Finance
- Feb 12, 2026SenateCommittee substitute reported, but first to Finance
- Jan 21, 2026SenateCommitteeTo Banking and Insurance
- Jan 21, 2026SenateIntroducedIntroduced in Senate
- Jan 21, 2026SenateCommitteeTo Banking and Insurance then Finance
- Jan 21, 2026SenateIntroducedFiled for introduction
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Adoption of Digital Assets for State Payments
The legislation creates a formal mechanism to integrate regulated digital currency assets into state treasury disbursements for vendors.
Connected Entities
Sources
www.wvlegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz45Current news / social attention level
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