North Carolina House Approves Bill Allowing Crypto Investments

The North Carolina House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies. The Digital Assets Investment Act, or HB 92, was passed on its third reading with a vote of 71 to 44. Republican Speaker Destin Hall introduced the bill in February, proposing that up to 5% of the state’s investments be allocated to designated digital assets. This investment can only occur after an independent assessment confirms that the crypto holdings are securely managed and comply with risk oversight and regulatory standards.