North Carolina Proposes Cryptocurrency Investment Bill
- North Carolina introduces HB92 to allow state treasurer to invest in crypto assets.
- The bill targets diversification and maximizing returns through digital asset integration.
- Only Bitcoin meets the criteria of a $750 billion average capitalization for investment.
- Investment is capped at 10% of the fund with strict storage standards.
- Utah, Wisconsin, and Michigan are also advancing cryptocurrency investments.
The HB92 bill enables North Carolina’s state treasurer to include Bitcoin in its investment portfolio, aiming to diversify and enhance returns. This move aligns with similar efforts in other states like Utah and Michigan.
Source (2.6)https://hodl.press/north-carolina-proposes-bill-for-cryptocurrency-investments/?rand=24434
