A new bill by State Rep Keith Ammon would allow the state treasury to invest in digital assets like bitcoin and precious metals like gold, silver and platinum as part of the public funds. This is a forward thinking move to diversify state investments and get ahead of the curve.

Under the bill, only digital assets with a market capitalization of over $500 billion averaged over the previous calendar year would be eligible.

Currently only Bitcoin meets that criteria so it’s the only one that would be included in the state’s reserves. Stablecoins like Tether (USDT) and USD Coin (USDC) could also be considered as options.