West Virginia Introduces FAST Act for Stablecoin Vendor Payments

Key Highlights

• West Virginia’s proposed legislation creates a voluntary path for state contractors to receive digital currency payments instead of traditional bank transfers.
• The bill mandates that all approved tokens maintain full dollar backing within U.S. banks and undergo quarterly independent audits.
• The State Treasurer would oversee the program, vetting issuers based on domestic ownership and operational requirements.

Vanshita Kanjani is a crypto journalist, particularly focused on delivering clear insights into regulatory frameworks and industry updates. Her educational background in English literature and prior experience at a local publication house give her a strong foundation for delivering in-depth market analysis and reports.

Shubham Soni is a veteran content editor and journalist with over three years of experience leading digital editorial strategies across the U.S. and Indian markets. With a background in high-pressure newsrooms, Shubham specializes in the rigorous fact-checking, structural editing, and narrative development of complex news and explainers. Throughout his career at prominent digital publications like Sportskeeda and Opoyi, he has managed fast-paced desks covering global politics, sports, and entertainment. His expertise lies in transforming technical information into accessible, high-impact reporting while maintaining strict adherence to editorial ethics and accuracy. At The Crypto Times, Shubham oversees the editorial workflow, mentoring writers to ensure all cryptocurrency research and analysis meets the highest standards of clarity and journalistic integrity.