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International Business Times UK

Business

Niloy Chakrabarti

North Carolina Proposes Bitcoin Reserve Bill To Buy 40K BTCs Using Rainy Day Funds

Bitcoin Destin Hall United States North Carolina Stephen Ross Donald Trump NC

Experts believe the crypto reserve bill could pass.

Yesterday, US Representatives Stephen Ross, Mark Brody, Mike Schietzelt and Destin Hall introduced the NC Digital Assets Investments Act in the North Carolina House of Representatives. This bill would allow the state treasurer to invest in qualified digital assets to create a reserve fund.

House Bill 92 mentioned that exchange-traded products (ETPs) of digital assets with an average market cap of at least £606.78 billion could be bought using state funds up to an amount equal to 10% of the state's funds.

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