#DigitalAssetBill The latest news on digital asset bills primarily focuses on recent legislative developments in the United States and other regions, reflecting a growing interest in regulating and integrating cryptocurrencies and digital assets into financial systems. Here’s a concise summary of key updates based on recent information:
- **North Carolina’s Digital Assets Investment Act (HB92)**: On May 1, 2025, North Carolina’s House passed HB92, dubbed the "Digital Assets Investment Act," which now moves to the Senate. The bill, primarily sponsored by Republican House Speaker Destin Hall, allows the State Treasurer to invest up to 5% of state funds in qualified digital assets and explore their inclusion in state employee retirement plans. It also mandates a feasibility study for a state-run reserve of seized or forfeited crypto assets, to be managed by the State Bureau of Investigation and law enforcement. This follows a trend where states are aligning with national pro-crypto sentiment, particularly under the Trump administration’s influence.
- **U.S. House Republicans’ New Bill**: On May 2, 2025, posts on X indicated that House Republicans are releasing a new digital asset bill ahead of a significant hearing, aiming to establish a regulatory framework for cryptocurrencies. While specifics of the bill are not detailed, it reflects ongoing efforts to create clear guidelines for the crypto industry, potentially spurred by the current administration’s pro-crypto stance.
- **Arizona’s Strategic Digital Assets Reserve Bill (SB 1373)**: As of April 18, 2025, Arizona’s SB 1373 passed the House Committee of the Whole and is one vote away from reaching the governor’s desk. The bill permits the state treasurer to invest up to 10% of certain funds in digital assets annually and allows asset lending to boost returns, provided risks remain low. However, Governor Katie Hobbs’ history of vetoing bipartisan bills, including 15 in a single week, poses a potential hurdle. Another bill, SB 1025, focuses on Bitcoin investments for the state’s treasury and retirement system.
- **California’s Amended Digital Assets Bill (AB 1052)**: On March 28, 2025, California’s Assembly Bill 1052, originally the Money Transmission Act, was amended to focus on digital assets, granting Bitcoin and crypto investors protections, including self-custody rights for the state’s nearly 40 million residents. The bill also recognizes digital assets as valid payment methods in private transactions and prohibits public entities from taxing or restricting their use solely as payment.
- **Federal and Other State Developments**: Nationally, President Trump’s administration has taken steps to advance digital assets, including signing an executive order for a Strategic Bitcoin Reserve and nullifying an IRS rule expanding the definition of crypto brokers. At least a dozen other states, including Indiana and Florida, are reviewing proposals to integrate digital assets into public pension systems.
- **International Context**: In the UK, new cryptoasset rules announced on April 29, 2025, aim to foster innovation while combating fraud, aligning with efforts to make the UK a global hub for digital assets. Australia is also poised to advance pro-crypto legislation following its upcoming election, as noted in X posts.
These developments indicate a broader trend of increasing legislative activity around digital assets, driven by both state-level initiatives and federal policy shifts, with a focus on regulatory clarity, investor protections, and strategic reserves. However, potential challenges, such as gubernatorial vetoes or bipartisan disagreements, could impact the passage of these bills. For the most current updates, monitoring state legislative sessions and federal hearings will be key.