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North Carolina Pushes for Crypto Exposure in Public Pension Funds with New Legislation

  • Lawmakers in North Carolina have proposed legislation to allow the allocation of public retirement funds into digital assets, including cryptocurrencies.
  • The bills propose the creation of the North Carolina Investment Authority to evaluate and manage investments in digital assets.
  • The legislation does not establish specific market capitalization thresholds but allows the Investment Authority to determine the suitability of assets based on risk and potential returns.
  • If passed, this initiative could serve as a model for other US states seeking to modernize public investment strategies.

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