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North Carolina: Embracing Crypto Through HB 92 Bill

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by A1

6 hours ago

North Carolina is moving to pass bill HB 92 allowing state treasurer to invest in digital assets.

Introduction of New Bill

On February 10, Speaker of the House Destin Hall introduced a bill suggesting investment of state funds in 'qualified' digital assets like Bitcoin. The goal is to expand the investment portfolio.

Key Features of HB 92 Bill

The bill states that public funds cannot exceed 10% of their total balance for investments. Bitcoin exchange-traded products meet all the bill's requirements.

Today, I filed HB 92, The North Carolina Digital Assets Investments Act, to authorize the NC State Treasurer to invest in qualifying digital assets like Bitcoin.Destin Hall

Crypto Investment Trends in the USA

North Carolina is becoming one of 20 states supporting crypto investment legislation. The popularity of these investments is growing due to protection against inflation and budget support, positioning the states as leaders in the financial sector.

HB 92 makes North Carolina a pioneer in cryptocurrency legislation, enabling modern technology utilization and economy strengthening.

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