A new bill proposed by Representative Neal Jackson in the North Carolina legislature aims to allow citizens to use cryptocurrency for various economic transactions, including tax payments. Known as House Bill 920, the legislation would pave the way for a state-level framework for digital asset usage. **If enacted, it will automatically become the North Carolina Digital Asset Freedom Act.** The bill cites that properly regulated digital assets can offer a stable and viable medium for economic exchanges when adhering to decentralization principles. However, not all cryptocurrencies are eligible for tax payments or other transactions under this framework.** The draft specifies that certain market requirements must be met for the crypto asset to be considered suitable: a minimum market capitalization of at least $750 billion and a daily trading volume exceeding $10 billion. The bill requires assets to be listed on multiple regulated U.S. exchanges, making Bitcoin (BTC) the only major cryptocurrency meeting these criteria so far. **Despite the requirements, the bill leaves room for future growth in digital asset market cap and trading volume.** The bill also specifies that cryptocurrencies eligible under this framework must have a history of open, permissionless markets for at least 10 years with no external intervention or state support, launching without pre-mining, insider allocations, or central authority control. It also emphasizes the need for decentralized governance models free from single entities or groups and be classified as commodities by U.S. regulators like the SEC and CFTC. **The bill follows a previous initiative by North Carolina lawmakers to propose two bills allowing an independent investment authority to allocate up to 5% of pension funds into cryptocurrencies.** This move further highlights North Carolina’s interest in exploring digital asset integration into its public financial system.