Key Takeaways
- North Carolina’s House passed HB92, authorizing digital asset investments with a 5% cap.
- A Senate bill, SB327, would allow up to 10% of public funds to be invested in Bitcoin.
- The state joins others like Texas and Arizona in pushing forward Bitcoin legislation.
North Carolina’s House of Representatives passed the “Digital Assets Investment Act” (HB92) this week, moving the state one step closer to allowing public fund investment in Bitcoin and other digital assets.
The bill now heads to the Senate for debate.
Details of the legislation
Sponsored by Republican House Speaker Destin Hall, the legislation would authorize the State Treasurer to invest in qualified digital assets and explore integrating them into state employee retirement plans.
The final House version of the bill limits digital asset investments to no more than 5% of the fund’s balance — a reduction from the original 10% proposal.
Additional provisions & studies
HB92 also mandates the Treasurer’s office to study potential investment vehicles, set contribution limits, and create risk education materials.
A separate feasibility study would evaluate creating a state-run reserve for seized or forfeited digital assets under law enforcement oversight.
Senate companion bill & broader context
This push coincides with broader political momentum around Bitcoin.
A companion bill in the Senate, SB327 — the “Bitcoin Reserve and Investment Act” — proposes investing up to 10% of public funds into Bitcoin while enabling staking and lending strategies.
Sponsored by Senators Todd Johnson, Brad Overcash, and Timothy Moffitt, it has passed its first reading and awaits committee review.
National trend in Bitcoin legislation
North Carolina joins a growing list of states exploring Bitcoin-related legislation.
Arizona, New Hampshire, and Texas are among those considering similar reserve strategies, while states like Indiana and Florida weigh public pension options involving digital assets.
Bitbo Dashboard → / Original Article
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