States / Virginia / SB 557

SB 557 In Committee

Commonwealth Strategic Cryptocurrency Reserve Fund; established, report.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
Senate
Introduced
Jan 14, 2026
Last action
Feb 4, 2026 — Passed by indefinitely in General Laws and Technology (13-Y 2-N)
Session
2026
Momentum
28 · Low