Bitcoin Bill Introduced in North Carolina

North Carolina Proposes Strategic Bitcoin Reserve Bill

• House Speaker Destin Hall introduced HB 92 to integrate Bitcoin into state financial strategies.
• The bill allows up to 10% of state funds to be invested in Bitcoin-related exchange-traded products.
• Provisions include investments for pensions, veterans’ home trust funds, and insurance funds.
• The legislation is co-sponsored by Representatives Mark Brody and Steve Ross.
• Dan Spuller from the Blockchain Association advised on the bill, emphasizing its active integration effort.

North Carolina’s HB 92 proposes allocating up to 10% of state funds into Bitcoin-related investments, marking a significant step towards integrating digital assets into its financial framework.