C4C | 02-13-25 AM: NC Invests in Bitcoin (Slibe)

February 13, 2025

In a bold move that has left Democrats scratching their heads, North Carolina's Republican leadership is pushing forward with the NC Digital Assets Investments Act. This legislation empowers the State Treasurer to allocate up to 10% of state funds into digital assets, specifically targeting Bitcoin exchange-traded products. By setting a high market capitalization threshold, the state ensures a focus on stable, high-value investments, positioning itself at the forefront of financial innovation.

House Speaker Destin Hall emphasized that investing in digital assets like Bitcoin not only has the potential to generate positive yields for the state's investment fund but also positions North Carolina as a leader in technological adoption and innovation. While liberal strongholds remain hesitant, North Carolina is charging ahead, embracing the future of finance and leaving naysayers in the dust.

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Fun Fact Of The Day

North Carolina is the 20th U.S. state to introduce legislation for a Bitcoin reserve, highlighting a growing trend of state-level crypto adoption.