North Carolina Bets on Bitcoin: House Passes Bills for State Crypto Investments - CoinCentral
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TLDRNorth Carolina House passed two bills to reform pension management and allow crypto investmentsA new five-member board would manage the state’s $127 billion investment portfolioThe legislation allows up to 5% of state funds to be invested in cryptocurrencyState Treasurer Brad Briner supports both bills, which now head to the SenateArizona is currently leading the state-level race to approve government crypto investment legislationNorth Carolina has taken steps toward allowing state pension funds to invest in cryptocurrencies, with the state House approving two bills that would overhaul how the state manages its investments. The measures, which still require Senate approval, could place North Carolina among the first states to formally invest public funds in digital assets.The North Carolina House passed House Bill 506 and House Bill 92 this week. HB 506, which passed with broad support in a 110-3 vote, would create a five-member North Carolina Investment Authority to manage the sta...