North Carolina Greenlights Bitcoin Bill

North Carolina is one step closer to allowing state funds to flow into cryptocurrency. On April 30, the House of Representatives passed the Digital Assets Investment Act (HB 92) in a 71-44 vote, sending the bill to the Senate for further consideration.

If enacted, the legislation would empower the state treasurer to allocate up to 5% of public investments into approved digital assets—but only after an independent audit confirms secure custody, regulatory compliance, and proper risk controls.

The bill, introduced by Republican House Speaker Destin Hall in February, also includes new provisions allowing the treasurer to study whether retirement plan participants could opt into crypto investments via exchange-traded products (ETPs).

In a near-unanimous decision, the House also advanced the State Investment Modernization Act (HB 506), which would establish the North Carolina Investment Authority (NCIA) to take over investment management from the treasurer.