North Carolina lawmakers have introduced multiple bills aiming to integrate cryptocurrencies, such as Bitcoin, into the state’s financial strategy.
One notable proposal, the Bitcoin Reserve and Investment Act (Senate Bill 327), seeks to authorize the state treasurer to allocate up to 10% of public funds into Bitcoin. This initiative positions North Carolina among several states exploring digital assets to diversify and potentially enhance the returns of public investment funds.
In addition to Senate Bill 327, the Investment Modernization Act (House Bill 506) and the State Investment Modernization Act (Senate Bill 709) have been introduced.
These bills propose the creation of an independent investment authority under the state treasury to evaluate and potentially invest up to 5% of state retirement funds in various digital assets, including cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).
Unlike similar legislation in other states, these bills do not impose market capitalization restrictions on digital assets.
The proposed legislation includes stringent measures for the management and security of digital assets. For instance, Senate Bill 327 mandates that any acquired Bitcoin be stored in multi-signature cold storage wallets, with liquidation permitted only during a severe financial crisis and requiring approval from two-thirds of the General Assembly.
Additionally, a Bitcoin Economic Advisory Board would be established to provide ongoing guidance on managing the reserve.
These legislative efforts reflect a growing trend among U.S. states to explore the integration of digital assets into public finance.
As of March 19, 2025, 39 state Bitcoin reserve bills have been introduced across 23 states, indicating a broader movement toward embracing cryptocurrencies within governmental financial strategies.
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