Virginia · 2026 Regular Session · Bill
SB 557: Commonwealth Strategic Cryptocurrency Reserve Fund; established, report.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 557 is a bill introduced in the Virginia Senate on January 14, 2026. According to its official title, it concerns: Commonwealth Strategic Cryptocurrency Reserve Fund; established, report. Primary sponsor: Bryce Reeves (Republican). Most recent recorded action (February 4, 2026): Passed by indefinitely in General Laws and Technology (13-Y 2-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bryce Reeves | Primary sponsor | Republican | Senate | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in General Laws and Technology (13-Y 2-N)
- Fiscal Impact Statement from Department of Planning and Budget (SB557)
- Referred to Committee on General Laws and Technology
- Prefiled and ordered printed; Offered 01-14-2026 26100797D