SB 557

Virginia Senate bill in Session 2026.

Status: failed. Latest action: February 4, 2026.

Commonwealth Strategic Cryptocurrency Reserve Fund; established, report.

Bill ID VA-2026-SB-557
Session 2026
Status failed
Committee General Laws and Technology
Senate failed 2026-02-04
Summary

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.

Sponsor
Reeves
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Status failed
2026-01-14 Introduced Bill introduced
2026-02-04 Latest Action S Passed by indefinitely in General Laws and Technology (13-Y 2-N)
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