North Carolina is proposing the Bitcoin Reserve and Investment Act (SB327) to allocate up to 10% of the state’s general fund to Bitcoin.
The bill aims to integrate digital assets into the state’s financial strategy and position North Carolina as a leader in public funds adoption for cryptocurrency.
The proposed legislation requires Bitcoin assets to be kept in multi-signature cold storage wallets and mandates monthly audits for transparency and accountability.
The bill prohibits selling Bitcoin investments except in extreme financial distress, emphasizing its focus on long-term strategic investment.