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North Carolina Goes Full Bullish: State Legislature Greenlights Bitcoin Reserve Fund
North Carolina Goes Full Bullish: State Legislature Greenlights Bitcoin Reserve Fund
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Move over, gold reserves—North Carolina just placed a bet on Bitcoin as a state-level treasury asset. The bill passed quietly, but the implications roar louder than a mining rig at full throttle.
Why it matters: While D.C. drags its feet on crypto regulation, states are seizing the initiative. North Carolina’s move could pressure other legislatures to stop pretending blockchain is just a ’fad.’
The cynical take: Wall Street banks will now lobby to ’help’ manage the fund—for a modest 2% management fee, of course.
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