The North Carolina House of Representatives passed the Digital Asset Investment Act, transferring it to the state Senate for review

2025-05-01 13:20:09

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ChainCatcher news, according to Cointelegraph, the North Carolina House of Representatives passed the Digital Asset Investment Act (HB 92) with a vote of 71 in favor and 44 against, allowing the state treasurer to invest up to 5% of state government funds in approved cryptocurrencies. The bill has now been submitted to the state Senate for review.

North Carolina State Treasurer Brad Briner publicly supports the bill, making North Carolina the second state in the U.S. to advance government crypto investment after Arizona. The Arizona legislature passed two cryptocurrency reserve-related bills (SB 1025/SB 1373) on April 28, which are currently awaiting Governor Katie Hobbs' signature. Arizona may become the first state in the U.S. to require public funds to invest in Bitcoin.

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