The North Carolina House has passed House Bill 92, allowing up to 5% of state funds to be invested in cryptocurrencies. With 71 votes in favor, the bill now moves to the Senate for approval, expanding the state's investment options amidst pension challenges.
Representative Destin Hall and State Treasurer Brad Briner support this legislative effort, aimed at diversifying the state’s portfolio. Critics have raised concerns regarding financial risks and gambling implications associated with cryptocurrencies.
This move aligns North Carolina with Arizona's recent actions, indicating a growing trend of state-level engagement in digital asset investments.
Full story here: https://coincu.com/335161-north-carolina-crypto-investments
