North Carolina House Passes Digital Asset Investment Bill, Moves to State Senate for Review
BlockBeats reports that on May 1, according to Cointelegraph, the North Carolina House of Representatives passed the "Digital Asset Investment Bill" (HB 92) with 71 votes in favor and 44 against, allowing the state treasurer to invest up to 5% of state government funds in approved cryptocurrencies. The bill has now been submitted to the state Senate for consideration.
North Carolina Treasurer Brad Briner publicly supports the bill, making North Carolina the second state in the U.S., after Arizona, to advance government crypto investments. The Arizona legislature passed two crypto reserve-related bills (SB 1025/SB 1373) on April 28, currently awaiting Governor Katie Hobbs' signature. Arizona may become the first state in the U.S. to require public funds to be invested in Bitcoin.
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