BTCC
/
BTCC Square
/
Global Cryptocurrency
/
North Carolina House Passes Bill to Allow Crypto Investments by State Treasurer
North Carolina House Passes Bill to Allow Crypto Investments by State Treasurer
15
1
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:
Previous
Top AI Tokens Poised for Growth in 2025 as Sector Capitalization Soars 578%
Next
Anthony Pompliano’s ProCap Acquisition Corp. Files for $200M SPAC IPO Targeting Crypto and Fintech
