North Carolina House Passes Bill Allowing Crypto Investments, Sparking Market Impact

North Carolina’s House of Representatives has taken a significant step forward in the realm of cryptocurrency by passing HB 92, which allows up to 5% of state funds to be invested in digital assets. This legislation marks a notable shift in the state’s investment strategy, spearheaded by Representative Ross and a group of Republican co-sponsors. The bill authorizes the State Treasurer to actively allocate these funds into various digital assets, including cryptocurrencies, with potential for substantial market impact.