The post North Carolina House Speaker Introduces Strategic Bitcoin Reserve Bill appeared on BitcoinEthereumNews.com.

North Carolina has taken a major step toward integrating Bitcoin into state financial strategies. House Speaker Destin Hall has introduced HB 92, a Strategic Bitcoin Reserve bill that proposes allowing the state to allocate funds into Bitcoin-related investments. This move follows similar efforts by multiple states like Florida and Kentucky, which have introduced legislation to add Bitcoin to public investment portfolios. North Carolina Introduces Strategic Bitcoin Reserve Bill In light of Donald Trump’s pro-crypto stance and the growing push for a U.S. Strategic Bitcoin Reserve, North Carolina is taking legislative action. The Strategic Bitcoin Reserve bill was introduced by House Speaker Destin Hall, one of the state’s most influential political figures. The bill proposes that up to 10% of state funds be allocated to Bitcoin-related exchange-traded products. The proposed legislation outlines that only digital assets with a market capitalization of at least $750 billion would qualify for investment. If passed, the bill would allow Bitcoin investments for various state-managed funds, including public employee pensions, veterans’ home trust funds, and insurance reserves. Bipartisan Support and Legislative Backing HB 92 is co-sponsored by Representatives Mark Brody and Steve Ross, both long-time advocates for Bitcoin adoption. The bill’s introduction reflects growing bipartisan interest in exploring digital assets as part of state financial reserves. Dan Spuller, Head of Industry Affairs at the Blockchain Association, played a role in advising state officials on the bill. In a statement on X, he emphasized that “this won’t just be a ‘messaging bill’—it’s a plan in motion.” Spuller also noted that several states have attempted similar legislation, but many proposals have not progressed. However, he believes North Carolina’s approach will be taken seriously due to Speaker Hall’s direct involvement. National Trend of Bitcoin Reserve Bills North Carolina joins a list of states that have introduced legislation to establish…

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Filed under: News - @ February 11, 2025 4:21 am