The last state effort to set up the investment of public money in cryptocurrency, a bill presented on Monday in North Carolina, is supported by the president of the house of the house.
The thrust of high -level northern Carolina plans to put up to 10% of its general and highway funds in digital assets, limiting it to crypto with a high market capitalization that only Bitcoin (BTC) is currently eligible . He joined 18 other states with invoices that weigh various ways of putting public money in the crypto, many of whom focus on the investment of the parties of their state pension funds.
“Investing in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund, but also positions North Carolina as a technological adoption and innovation leader,” said Hall in a press release.
Two other states – Wisconsin and Michigan – already have a crypto in their retirement portfolios for public employees. And at least two other states are in discussion seriously to join the others, which makes a total of 23 which devote an in -depth examination to the idea of punctuating parts of their financial future in the digital asset sector.
Most of this trend has taken off when President Donald Trump has openly adopted a similar idea at the federal level. He published an executive decree in his first days in power which encouraged his administration to explore the idea of storing cryptographic assets. There is also legislation at the congress to get there, but it has not yet advanced.
Among the states at this stage, UTAH is the main effort, having cleaned its state house and moved to the Senate there.
Read more: as a state is getting closer to a crypto reserve, others jump into the fray
