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North Carolina Advances Crypto Investment Bill, Trailing Only Arizona in Legislative Push
North Carolina Advances Crypto Investment Bill, Trailing Only Arizona in Legislative Push
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North Carolina’s House of Representatives approved House Bill 92 with a 71-44 vote, authorizing state treasury investments in digital assets. The legislation now moves to the Senate, potentially positioning the state as the second after Arizona to establish a crypto reserve framework.
The Digital Assets Investment Act permits allocation of up to 5% of public funds to cryptocurrencies, contingent on third-party verification of custody security, risk protocols, and regulatory adherence. This development signals growing institutional acceptance of blockchain assets as treasury instruments.
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