To make gold, silver, and crypto currency legal tender in WV
HB 2463 would establish gold, silver bullion, and physical coins (specie) as legal tender in West Virginia, alongside creating a state-run West Virginia Bullion Depository managed by the State Treasurer. The depository would allow residents and businesses to deposit precious metals, receive digital "transactional currency" (backed 1:1 by physical metals), and use these as payment for debts within the state. It prohibits interest on deposits, exempts depository assets from state taxes, and requires the Treasurer to maintain metals in trust for account holders. The bill directly affects West Virginia residents, businesses, and financial institutions engaging in transactions using precious metals or the new digital currency. (Note: The bill does not include cryptocurrency as legal tender, despite the title's phrasing.)
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2025
Last action Feb 17, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Feb 17, 2025
Committee
To House Finance
lower
Feb 17, 2025
Introduced
Introduced in House
lower
Feb 17, 2025
Committee
To Finance
lower
1 primary · 7 co-sponsors
Sponsors
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