North Carolina House Passes Bill to Allow Crypto Investments by State Treasurer

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-01 06:25:01

The North Carolina House of Representatives has approved legislation permitting the state treasurer to allocate up to 5% of public funds into approved cryptocurrencies. The Digital Assets Investment Act, or House Bill 92, passed with a 71-44 vote on April 30 and now heads to the state Senate for further deliberation.

Introduced by Republican House Speaker Destin Hall in February, the bill mandates third-party oversight for custody, risk management, and regulatory compliance. A recent amendment expands the treasurer’s authority, signaling growing institutional acceptance of digital assets as a legitimate investment class.

By:

Log in to Reply

Top AI Tokens Poised for Growth in 2025 as Sector Capitalization Soars 578%

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.