North Carolina's House of Representatives has passed a landmark bill that
could pave the way for state-level crypto investment, signaling growing
political acceptance of digital assets.
Key Details of the Bill (HB92)
Approved by the House and now headed to the Senate for debate.
Authorizes the State Treasurer to explore digital asset investments, including potential allocation in state employee retirement plans.
Proposes a 5% cap on crypto exposure for state funds (down from an initial 10%).
Includes a feasibility study for a state-managed reserve of seized crypto assets.
Broader Legislative Push
A companion bill (SB327), dubbed the "Bitcoin Reserve and Investment Act," is also under consideration. If passed, it would:
✅ Allow up to 10% of public funds to be invested in Bitcoin.
✅ Enable staking and yield-generating strategies for state-held crypto.
✅ Position North Carolina as a crypto-friendly hub for economic growth.
National Trend: States Embrace Crypto
North Carolina joins Arizona, Texas, and New Hampshire in pursuing crypto reserve legislation. Other states, like Indiana and Florida, are weighing similar pension-related proposals. However, efforts have stalled in Oklahoma, Wyoming, and the Dakotas.
Why It Matters
With former President Donald Trump
advocating for crypto at the federal level, states are racing to
establish regulatory frameworks. North Carolina’s bills reflect a
strategic push to:
🔹 Diversify state investments amid volatile traditional markets.
🔹 Attract blockchain businesses and talent.
🔹 Leverage crypto’s growth potential for public finances.
What’s Next?
The Senate will debate HB92 and SB327 in coming weeks. If approved, North Carolina could become a model for state-level crypto adoption.
Follow for updates on crypto legislation and investment opportunities.