North Carolina House Approves Crypto Investment Bill

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North Carolina’s House of Representatives has approved a bill permitting the state treasurer to invest up to 5% of public funds in approved cryptocurrencies.

The Digital Assets Investment Act (House Bill 92) passed its third reading on April 30 with a 71-44 vote and now moves to the Senate.

Introduced by Republican House Speaker Destin Hall in February, the bill mandates that any crypto investments must first undergo an independent third-party assessment to ensure secure custody, regulatory compliance, and proper risk oversight.

Recent amendments also authorize the treasurer to explore allowing retirement plan members to invest in digital assets through exchange-traded products (ETPs).