North Carolina Joins Strategic Bitcoin Reserve Bandwagon With New Bill Proposal
North Carolina proposed legislation to invest public funds in digital assets, effectively joining the movement to create a strategic Bitcoin reserve. One of the requirements of the “NC Digital Investments Act” (HB 92), which was introduced yesterday, is that the digital assets must have an exchange-traded product (ETP). Another requirement is that the cryptos must have an average market cap of at least $750 billion over the last 12 months. This means that only BTC ETPs (exchange-traded products) are currently eligible. New Bill Aligns With Trump’s Vision For A National Bitcoin Stockpile According to House Speaker Destin Hall, who sponsored the proposed bill, investing in digital assets such as Bitcoin will both “generate positive yields” for the state of North Carolina while also positioning the state as “a leader in technological adoption and innovation.” Today, I filed HB 92, The North Carolina Digital Assets Investments Act, to autho...