US EditionNC lawmakers weigh investing state funds in cryptocurrency
- North Carolina's House passed the Digital Assets Investment Act on April 30, allowing state investments in cryptocurrencies up to 5%.
- The bill, introduced by House Speaker Destin Hall in February, reflects efforts to modernize state investment amid growing institutional cryptocurrency interest.
- The legislation requires third-party assessments for security and compliance and permits digital asset options in retirement plans via exchange-traded products.
- The House approved House Bill 506 by a 110-3 vote, establishing the North Carolina Investment Authority, which would have the power to oversee crypto investments subject to board consent.
- If fully enacted, North Carolina would join a select group of states incorporating digital assets into public finance, signaling significant state-level crypto adoption.
14 Articles
14 Articles
Senate Opposes Immunization Requirement Changes, Allows State Bitcoin Investment
By PAULA TRACY, InDepthNH.org CONCORD – The state Senate voted to oppose changes to school immunization requirements Thursday but approved a bill that would allow the state treasurer to buy Bitcoin. The Senate also tabled a number of bills related to cannabis with Sen. Regina Birdsell, R-Hampstead, noting that the governor would likely veto them. And, the Senate voted to make the transportation of kindergarteners to school optional. KINDERGARTEN…
NC lawmakers weigh investing state funds in cryptocurrency
CHARLOTTE, N.C. (QUEEN CITY NEWS) -- North Carolina lawmakers are considering allowing state funds to be invested in cryptocurrency. The Republican-backed proposal passed in the State House Wednesday. It also has the support from Governor Josh Stein, who argues it makes it easier for the State Treasurer to do his job. If the measure becomes law, up to five percent of state funds used for retirement, education and transportation could be invested…
LATEST: North Carolina House Approves Bill Allowing State Crypto Investments
North Carolina’s House of Representatives has approved a major step toward embracing cryptocurrency by passing the Digital Assets Investment Act. The bill allows the state treasurer to invest up to five percent of public funds into approved cryptocurrencies. It passed on April 30 with a 71 to 44 vote and now moves to the Senate for further consideration. The legislation includes strict conditions requiring third-party security assessments and re…
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