The North Carolina House Committee approves the bill authorizing Bitcoin investments for state funds.
On April 16, in North Carolina, House Bill HB 92, known as the “NC Digital Assets Investments Act,” passed the House Committee on Pensions and Retirement, paving the way for potential Bitcoin investments by the state’s public funds.
The legislative initiative applies to multiple state funds, including the General Fund, Highway Fund, Teachers’ and State Employees’ Retirement System, and other state and institutional funds.
The bill, supported by Representatives Destin Hall, Mark Brody, Mike Schietzelt, and Stephen Ross, would authorize the state treasurer to invest up to 10% of public funds in digital assets with a market capitalization exceeding $750 billion — a criterion currently met only by Bitcoin. The investment would be made through spot ETFs.
The bill now has to clear three more committees before reaching a floor vote. The legislation would become effective immediately upon becoming law.
