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North Carolina Advances Crypto Investment Bill, Targets 5% State Allocation to Digital Assets
North Carolina Advances Crypto Investment Bill, Targets 5% State Allocation to Digital Assets
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North Carolina’s House of Representatives approved a landmark bill allowing state treasury investments in cryptocurrencies. The Digital Assets Investment Act (HB 92) passed its third reading with a 71-44 vote, clearing a path for Senate consideration.
The legislation empowers the state treasurer to allocate up to 5% of government funds into regulated crypto products. Approved investments must meet stringent criteria, including being exchange-traded products with substantial market capitalization.
Republican House Speaker Destin Hall introduced the proposal in February, signaling growing institutional acceptance of digital assets. The move follows similar initiatives by other states seeking exposure to cryptocurrency markets.
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