Northern Carolina has joined the growing list of states seeking to legalize digital currencies, but according to Dan Spular, the effort is different from the rest.
More than a dozen American states have introduced a law to allow bitcoin (BTC) as a strategic reserve. The Northern Carolina HB is the latest to join the push with the introduction of HB 92.
The bill will allow state MPs to invest up to 10% of the funds of the state, which is in exchanges-traded products associated with digital assets with market capitalization of more than $ 750 billion. It also authorizes bitcoin investment for state-related funds, including pension, insurance funds of teachers and state employees and home trust funds of veterans.
Northern Carolina’s bill is unique that it was introduced by the Chairman of the Rape Destin Hall, the NC House of Representatives. As mentioned by Dan Spellor, head of industry affairs in the Blockchain Association, the hall is “one of the most powerful leaders of the neck.”
The bill is co-co-proposed by representative Mark Body and Steve Ross, described by the spular as “long-bitcoin champion”.
In an X post at the end of January, Spler revealed that he advised the North Carolina officials on the bill. At that time, he said that the process was “moving quickly, and most importantly the correct stakeholders are alignment.”
He said, “This will not be just one ‘messaging bill – this is a plan in speed,” he said.
