North Carolina Accelerates Toward Bitcoin Legal Tender Status

Raleigh shakes up finance—state senate quietly advances bill recognizing BTC as legal payment. Wall Street lobbyists already drafting opposition memos.

Key details: Bipartisan support for the measure suggests mainstream crypto acceptance is spreading beyond coastal tech hubs. Critics warn of volatility risks—just as traditional banks report record overdraft fee revenue.

The move could position NC as the Texas of the Eastern seaboard for Bitcoin miners chasing cheap energy. One legislator quipped: ’Our tobacco farms mined value for centuries. Time to upgrade the crop.’

North Carolina’s Bitcoin Reserve bill, HB 92, has cleared the Committee on Rules, Calendar, and Operations of the House. The bill allows the State Treasurer to invest up to 5% of select state funds in digital assets like Bitcoin. It also calls for a study to explore the possibility of creating a North Carolina Digital Asset Reserve. This marks a key step in the state’s push toward embracing digital assets and modernizing its treasury strategy.