{"id":12430,"date":"2025-02-11T11:16:51","date_gmt":"2025-02-11T11:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12430"},"modified":"2025-02-11T11:16:51","modified_gmt":"2025-02-11T11:16:51","slug":"north-carolina-proposes-bill-to-allow-state-treasurer-to-invest-in-digital-assets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12430","title":{"rendered":"North Carolina Proposes Bill To Allow State Treasurer To Invest In Digital Assets"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">North Carolina is moving toward embracing digital assets as part of its investment strategy with a new legislative proposal. The <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ncleg.gov\/BillLookUp\/2025\/H92\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">NC Digital Assets Investments Act (HB 92)<\/span><\/a><span data-preserver-spaces=\"true\"> aims to permit the state treasurer to allocate public funds to \u201cqualified\u201d digital assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Under the bill, introduced by House Speaker Destin Hall on 10 February 2025, digital assets eligible for investment must be exchange-traded products with an average market capitalization of at least $750 billion over the past 12 months. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, this requirement limits investments solely to Bitcoin exchange-traded products (ETPs). Additionally, the bill caps digital asset investments at 10% of any state fund\u2019s balance at the time of investment.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/ai-agent-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Top 10 AI Agent Crypto Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Hall Sees Bitcoin as Key to Boosting North Carolina\u2019s Leadership<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Hall emphasized that including Bitcoin in the state\u2019s portfolio could enhance financial returns while positioning North Carolina as a leader in technological innovation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cInvesting in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund but also positions North Carolina as a leader in technological adoption and innovation,\u201d he stated.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hall also linked the initiative to former President Donald Trump\u2019s call for a national Bitcoin stockpile, suggesting <\/span><span data-preserver-spaces=\"true\">that North<\/span><span data-preserver-spaces=\"true\"> Carolina should take the lead at the state level.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> North Carolina House Speaker Destin Hall introduces legislation to create a Strategic Bitcoin Reserve. <a href=\"https:\/\/t.co\/VMczodJ7zk\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/VMczodJ7zk<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1889026662114685410?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 10, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Bill co-sponsor Mike Schietzelt echoed the sentiment, highlighting the impact of blockchain technology, decentralized finance (DeFi), and crypto innovations. He suggested <\/span><span data-preserver-spaces=\"true\">that North Carolina should<\/span><span data-preserver-spaces=\"true\"> capitalize on these emerging trends to safeguard public funds from inflation and economic instability.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The move comes amid a surge in crypto investment proposals across the US. Currently, 19 states have introduced similar bills. Arizona and Utah advancing legislation beyond the House committee stage<\/span><span data-preserver-spaces=\"true\">, while North<\/span><span data-preserver-spaces=\"true\"> Dakota recently rejected a crypto investment proposal. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Montana lawmakers have introduced HB 429. It seeks to establish a state fund for digital assets and precious metals.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">University of Austin To Launch $5M Bitcoin Fund<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The University of Austin is\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/university-of-austin-to-launch-5m-bitcoin-fund-as-part-of-200m-endowment\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">launching a $5 million<\/span><\/a><span data-preserver-spaces=\"true\"> Bitcoin fund as part of its $200 million endowment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Notably, the precedent is set by Emory University. In a regulatory filing last October, it was disclosed that over $15 million in Bitcoin was invested\u00a0through Grayscale\u2019s spot Bitcoin exchange-traded fund (ETF).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Beyond university endowments, cryptocurrency is gaining traction in the retirement sector as well. A recent\u00a0<\/span><em><span data-preserver-spaces=\"true\">Bitget Research<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0report revealed that up to 20% of Generation Z and Generation Alpha are open to receiving pensions in cryptocurrency.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, 78% of surveyed respondents expressed greater trust in alternative retirement savings options over traditional pension funds.\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/north-carolina-proposes-bill-to-allow-state-treasurer-to-invest-in-digital-assets\/\">North Carolina Proposes Bill To Allow State Treasurer To Invest In Digital Assets<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>North Carolina is moving toward embracing digital assets as part of its investment strategy with a new legislative proposal. The NC Digital Assets Investments Act (HB 92) aims to permit the state treasurer to allocate public funds to \u201cqualified\u201d digital assets. Under the bill, introduced by House Speaker Destin Hall on 10 February 2025, digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12430","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12430"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12430\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}