The North Carolina House of Representatives passed a bill allowing state treasury investment in cryptocurrencies. The bill permits the treasurer to invest in “digital assets,” including Bitcoin and Ethereum.
Treasurer’s Authority
This move grants the state treasurer authority to allocate funds into crypto, though specific investment limitations aren’t yet defined. The bill now moves to the Senate for consideration. If approved and signed by the governor, North Carolina will join other states exploring crypto investments.
National Trend
Several states are considering or have already enacted legislation related to crypto investments, reflecting a growing interest in digital assets among government entities. While some view this as a forward-thinking approach to diversifying state portfolios, others remain cautious about the volatility of the crypto market.
Worldcoin Launches in US
