North Carolina House Passes House Bill 92 with 71-44 Vote, Allowing 5% of Funds into Bitcoin Reserve
The North Carolina House has passed House Bill 92 (H92) to establish a Strategic Bitcoin Reserve, following a 71-44 vote on its first reading
By: DeepNewz •
Regulation & Politics
The North Carolina House has passed House Bill 92 (H92) to establish a Strategic Bitcoin Reserve, following a 71-44 vote on its first reading. The legislation was championed by Speaker Destin Hall.
Under the bill, the State's Treasurer is authorized to invest up to 5% of state funds into Bitcoin, integrating it into the state's Digital Asset Reserve. This move aligns North Carolina with other states exploring Bitcoin as a strategic reserve asset.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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