Bitcoin

Million

Reserve

would

<ul class="wp-block-list">
 <li>The bill could direct up to $950 million of North Carolina's public funds into Bitcoin under a 10% cap on the general fund.</li>  
 <li>A Bitcoin Economic Advisory Board will guide the state’s strategy, and quarterly reports will track the reserve’s performance.</li>  
 <li>The bill introduces strict rules for Bitcoin usage, requiring General Assembly approval for any liquidation of the holdings.</li> 
</ul>  
<p>North Carolina lawmakers have introduced a new bill that could see the state invest up to $950 million of its public funds into Bitcoin. The proposal, titled the "NC Bitcoin Reserve and Investment Act" (SB327), could potentially direct 10% of the state’s general fund to Bitcoin, positioning the state as a leader in cryptocurrency adoption.</p>  
<h2 class="wp-block-heading" id="proposed-investment-and-fund-allocation">Proposed Investment and Fund Allocation</h2>  
<p>According to a post on X by Bitcoin Laws, the bill authorizes the state’s Office of the Treasurer to allocate a portion of public funds, potentially reaching $950 million.<a href="https://cryptofrontnews.com/north-carolinas-controversial-proposal-raises-eyebrows-bitcoin-in-public-funds/" target="_blank" rel="noopener noreferrer nofollow"> North Carolina’s general fund</a> stood at $9.5 billion on March 14, 2025, according to the state’s Office of the State Controller.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Bitcoin_Laws/status/1902100957632336088
 </div>
</figure>  
<p>The 10% cap in the bill is based on this figure, although the exact amount could vary depending on future fund estimates. Should the bill pass, Bitcoin would be stored in cold wallets secured with multi-signature authentication. The state’s treasurer would manage the funds, ensuring compliance with regulations. Monthly audits would track the reserve’s status.</p>  
<h2 class="wp-block-heading" id="safeguards-and-restrictions">Safeguards and Restrictions</h2>  
<p>The proposed legislation introduces a series of safeguards. The Bitcoin holdings will be stored securely, and the treasurer may engage in regulated activities such as staking and lending. A Bitcoin Economic Advisory Board will guide the state’s strategy, with quarterly reports on the reserve’s performance.&nbsp;</p>  
<p>The bill also sets strict usage conditions, requiring approval from both chambers of the General Assembly for any Bitcoin liquidation. Uses could include funding infrastructure, supporting research, and backing public projects.<br>The bill is part of a broader effort by<a href="https://cryptofrontnews.com/north-carolina-introduces-bill-to-allocate-public-funds-to-bitcoin-reserves/" target="_blank" rel="noopener noreferrer nofollow"> North Carolina lawmakers </a>to integrate cryptocurrency into the state’s financial strategy. It follows the introduction of the "NC Digital Assets Investments Act" (HB92), which would also allow for investments in digital assets. Both bills reflect the state’s growing interest in using digital currencies for economic innovation.</p> 
<p>The post <a href="https://cryptofrontnews.com/north-carolina-introduces-bill-to-allocate-950-million-to-bitcoin-investments/" target="_blank" rel="noopener noreferrer nofollow">North Carolina Introduces Bill to Allocate $950 Million to Bitcoin Investments</a> appears on <a href="https://cryptofrontnews.com" target="_blank" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

North Carolina Introduces Bill to Allocate $950 Million to Bitcoin Investments

Table of Contents

CFN

Other articles published on Mar 20, 2025

As Dogecoin Whales Persist In Accumulation And FLOKI Targets $0.00004, Could A Price Turnaround B...

CryptoQuant CEO Signals Start of Bitcoin Bear Market

SBI and Ripple Expand XRP-Based Remittance Services In Southeast Asia

Bitcoin ETFs See $209M in Inflows, BlackRock’s IBIT ETF Leads the Charge

Ethereum Sepolia Testnet Faces Issues—Is DuragDoge the Real Winner of This Shift?

Tap-to-Earn Crypto Games: A New Era in Cryptocurrency Engagement

Join our free newsletter for daily crypto updates!