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North Carolina lawmakers are proposing a bold move with House Bill 92 which would enable up to 10% of state funds to be invested in Bitcoin. Termed the “Digital Assets Investments Act” the legislation aims to make North Carolina a leader in cryptocurrency integration and financial innovation. Proponents like House Speaker Destin Hall argue Bitcoin’s growth potential and inflation hedge benefits make it a strong candidate for safeguarding the state’s financial future.
The bill outlines that investments must be through regulated digital asset exchange-traded products ensuring security and risk minimization. By setting a market capitalization threshold of $750 billion for eligible digital assets the legislation currently singles out Bitcoin as a viable investment. This strategic approach is intended to diversify investment portfolios while promoting financial stability and innovation within the state’s treasury management.
As North Carolina sets to debate the merits of this pioneering financial policy it joins a nationwide trend where states are increasingly considering cryptocurrencies as part of their fiscal strategies. If passed this legislation could serve as a model for others offering a novel pathway for public fund management and positioning North Carolina at the vanguard of state-level digital asset adoption.
