Virginia Senate Bill 557: Commonwealth Strategic Cryptocurrency Reserve Fund; established, report.

Virginia · 2026 Regular Session

What it does

Commonwealth Strategic Cryptocurrency Reserve Fund established; report. Establishes the Commonwealth Strategic Cryptocurrency Reserve Fund (the Reserve Fund) in the Department of the Treasury for the purpose of investing in bitcoin or other cryptocurrency. The bill also establishes the Commonwealth Strategic Cryptocurrency Reserve Fund Advisory Committee for the purpose of advising the State Treasurer regarding the administration and management of the Reserve Fund. Finally, the bill specifies that the State Treasurer shall submit to the General Assembly a biennial report on the content, administration, and management of the Reserve Fund.

Latest action

Passed by indefinitely in General Laws and Technology (13-Y 2-N) (2026-02-04)

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