In a historic move, North Carolina has introduced the NC Digital Assets Investments Act, setting the stage for Bitcoin to become part of the state’s financial reserves. This bold step, led by House Speaker Destin Hall and supported by Bitcoin advocates Mark Brody and Steve Ross, positions North Carolina as a leader in digital asset adoption.
Under this proposed legislation, the state treasurer will be authorized to invest in exchange-traded products (ETPs) of digital assets with a market capitalization exceeding $750 billion. Since Bitcoin is the only cryptocurrency meeting this requirement, North Carolina could acquire over 40,000 BTC, bolstering its financial strength.
The revenue generated from these investments will directly support critical state funds, including the teachers’ retirement fund, the state lottery, and major infrastructure projects. This move reflects a broader trend, as Utah, Arizona, and 19 other states are also exploring similar digital asset reserve bills.
On the federal level, momentum is growing for a national Bitcoin reserve, with President Donald Trump’s executive order laying the groundwork for a regulatory framework. Additionally, Senator Cynthia Lummis is pushing for the BITCOIN Act, reinforcing the U.S. government’s increasing interest in cryptocurrency reserves.
North Carolina’s bold initiative signals a financial revolution. Could this be the beginning of a nationwide shift toward Bitcoin-backed state reserves? The future of finance is being rewritten, and North Carolina is leading the charge!
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