North Carolina House Passes House Bill 92 with 71-44 Vote, Allowing 5% of Funds into Bitcoin Reserve

The North Carolina House has passed House Bill 92 (H92) to establish a Strategic Bitcoin Reserve, following a 71-44 vote on its first reading. The legislation was championed by Speaker Destin Hall. Under the bill, the State’s Treasurer is authorized to invest up to 5% of state funds into Bitcoin, integrating it into the state’s Digital Asset Reserve. This move aligns North Carolina with other states exploring Bitcoin as a strategic reserve asset. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant