It should be negative news combined with positive news, because the original 10% was illusory, while the 5% is truly beneficial.

The North Carolina House has passed the Digital Asset Investment Act (HB92), which authorizes the state treasury to invest in qualified digital assets. An earlier version of the bill proposed that investments in digital assets should not exceed 10% of the total fund, but the version ultimately passed by the House adjusted the cap to 5%. The bill has now been submitted to the Senate for review. In addition to HB92, North Carolina is also considering another Senate bill, SB327 (Bitcoin Reserve and Investment Act), which proposes to allow up to 10% of public funds to be invested in Bitcoin. (Decrypt)