West Virginia legislation · 2026 Regular Session
West Virginia HB5461: Creating the “Financial Accountability Stable Token Act,” for financing and state payments
Status: Introduced, February 12, 2026
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §12-3B-1, §12-3B-2, §12-3B-3, §12-3B-4, §12-3B-5, §12-3B-6, §12-3B-7, and §12-3B-8, relating to creating the "Financial Accountability Stable Token Act," for financing and state payments; authorizing the use of qualifying stable tokens for payments to state vendors and contractors; establishing eligibility and reserve requirements; providing for administration and oversight by the State Treasurer; and providing for rulemaking and reporting; providing for severability. article 3b. state payments and.
From the introduced text, February 12, 2026:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §12-3B-1, §12-3B-2, §12-3B-3, §12-3B-4, §12-3B-5, §12-3B-6, §12-3B-7, and §12-3B-8, relating to creating the "Financial Accountability Stable Token Act," for financing and state payments; authorizing the use of qualifying stable tokens for payments to state vendors and contractors; establishing eligibility and reserve requirements; providing for administration and oversight by the State Treasurer; and providing for rulemaking and reporting; providing for severability. article 3b. state payments and disbursements. §12-3B-1. Short title. This article shall be known and may be cited as the "Financial Accountability Stable Token Act" or the "FAST Act." §12-3B-2. Legislative findings and purpose. The Legislature finds (2) Stable tokens fully backed by United States dollar-denominated reserves may reduce transaction costs, improve transparency, and expedite payment delivery; (3) The federal Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 provides a national framework for stablecoin regulation; (4) States are authorized under federal law to adopt substantially similar frameworks for oversight of stable token use; and (5) It is the purpose of this article to authorize the voluntary use of qualifying stable tokens for state payments while safeguarding public funds and maintaining fiscal integrity. §12-3B-3. Definitions. As used in this article: (1) "Stable token" means a digital asset (B) Has corporate …