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.