North Carolina lawmakers introduced legislation on Wednesday to create a state-controlled Bitcoin reserve. 

Senate Bill 327, titled the North Carolina Bitcoin Reserve and Investment Act, would allow the Office of the State Treasurer to allocate up to 10% of public funds into BTC as part of the state’s long-term financial strategy.

The bill, sponsored by Senators Johnson and Overcash, passed its first Senate reading and was referred to the Rules and Operations Committee. Its stated goals include establishing a Strategic Bitcoin Reserve, promoting BTC as a financial innovation, and positioning North Carolina as a leader in state-level crypto adoption.

Under the proposal, the…

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