North Carolina Bill Proposes 10% Investment in Cryptocurrency

North Carolina has introduced a bill to invest public funds in cryptocurrency, backed by Speaker of the House Destin Hall. Key points include:

The proposal allows for up to 10% of general and highway funds to be allocated to digital assets.
Only cryptocurrencies with high market capitalization, like Bitcoin, would qualify.
This initiative aligns with similar efforts in 18 other states exploring public investment in crypto, often through retirement funds.
Wisconsin and Michigan currently include crypto in their public employee retirement portfolios.
At least two additional states are considering similar measures, bringing the total to 23 states evaluating investments in digital assets.

This trend gained momentum after former President Trump encouraged exploring federal stockpiling of crypto assets. Utah is leading state efforts, having cleared its house and moved to the senate.