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Read. Follow. Verify.West Virginia creates the FAST Act to authorize voluntary stable token payments for state vendors and contractors
Last action · February 12, 2026: To House JudiciarySponsors: Tristan Leavitt and 10 others
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What This Bill Proposed
West Virginia authorizes the voluntary use of qualifying U.S. dollar-backed s for state vendor and contractor payments under the newly created Financial Accountability Stable Token Act. State vendors and contractors retain the option to participate voluntarily, and no payee can be mandated to accept stable tokens. The State Treasurer is tasked with overseeing token eligibility, maintaining reserves, establishing administrative rules, and submitting annual reports to the Legislature.
State contractors and vendors gain the option to receive payments in digital currency intended to lower transaction costs and expedite delivery, while public funds rely on strict reserve backing by U.S. dollars or Treasury obligations managed by the State Treasurer.
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
State vendors are given the voluntary option to receive payments in qualifying stable tokens instead of traditional fiat currency.
state contractors
State contractors are given the voluntary option to accept qualifying stable tokens as valid and final satisfaction of monetary obligations owed by the state.
State Treasurer
The State Treasurer is charged with establishing administrative rules, maintaining the approved token list, coordinating with federal regulators, and submitting annual legislative 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 to accept payment in stable tokens?
What qualifies a stable token for use under this act?
Who oversees the authorization and regulation of stable tokens for state payments?
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 · in House committee.
Procedural history
4 actions- Feb 12, 2026HouseCommitteeTo House Judiciary
- Feb 12, 2026HouseIntroducedIntroduced in House
- Feb 12, 2026HouseCommitteeTo Judiciary
- Feb 12, 2026HouseIntroducedFiled 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
Show 6 more sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Integration of Digital Assets into State Procurement
The legislation formally bridges traditional state vendor payments with privately-issued, federally-regulated digital tokens backed by U.S. currency reserves.
Connected Entities
Sources
www.wvlegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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