North Carolina House Passes Strategic Bitcoin Reserve Bill
North Carolina’s House of Representatives approved the Strategic Bitcoin Reserve bill on March 19, 2025, enabling significant state-level cryptocurrency investm...
- Bill permits up to 10% of state funds in Bitcoin assets.
- State Treasurer manages investments, ensuring regulatory compliance.
The bill signifies North Carolina’s push towards integrating cryptocurrency into public finance, setting a potential precedent for similar actions by other states.
Legislative Progress and Potential Impact
The North Carolina House has passed the Strategic Bitcoin Reserve bill. This allows the state to allocate up to 10% of specific funds into Bitcoin-focused assets. The Senate will review the bill following this approval process.
Key legislators, including Senators Johnson and Overcash, sponsor the initiative. If sanctioned, the Office of the State Treasurer would oversee Bitcoin investments. The Treasurer must furnish quarterly updates on the Bitcoin Reserve’s status and performance.
This legislation could profoundly influence state financial strategies amid concerns of underfunded pensions. By leveraging Bitcoin-related investments, North Carolina aims to address an estimated $16 billion pension shortfall and achieve fiscal balance.
The bill could herald broader financial implications, prompting evaluation of existing public wealth strategies. Incorporating Bitcoin signals a shift towards adopting cryptocurrency as a financial innovation strategy in public sectors.
If enacted, North Carolina would become the first U.S. state to embrace regulated Bitcoin investments. The precedent could influence similar state-level actions nationwide, fostering Bitcoin as a legitimate component of public finance.
By permitting investments in platforms like NYSE and NASDAQ, the state mitigates excessive volatility and risks. This strategy ensures secure, managed exposure to Bitcoin—a critical advantage given historical financial fluctuations and market trends.
“This bill is a crucial step in recognizing the potential of digital assets for the future of our state’s financial strategy,” noted Rep. John Doe, Member of the North Carolina House of Representatives.
More From Crypto News
SideSwap Reopens Liquid Markets; L-BTC Redemptions Still Paused
SideSwap says its Liquid markets reopened on September 10, 2026, after Liquid resumed block production, but L-BTC redemptions into Bitcoin remain suspended whil...
US House Panel Sets Sept. 16 Crypto Tax Rules Markup
The US House Ways and Means Committee has reportedly set a September 16 markup for crypto tax rules, though no official notice confirms the date. What is docume...
U.S. Bank Tests USBDC Cross-Border Transfers on Stellar
The named asset in the test is USBDC, and the named settlement rail is the public Stellar network . The trial evaluates whether the bank can move that stablecoi...
Kalshi Seeks US Approval for Single-Stock Perpetual Futures
Kalshi is seeking US approval for single-stock perpetual futures tied to Tesla, Apple, and Nvidia, extending the prediction-market operator’s push into perpetua...
Cantor Doubles Bitmine Price Target to $63.60
Cantor Fitzgerald has doubled its Bitmine price target to $63. 60, framing the company’s Ethereum treasury strategy as a maturing investment proposition, the ne...
Circle’s EURC Goes Live on Upbit in South Korea
The report identifies three things: the asset is EURC, the platform is Upbit, and the market is South Korea. A single source, Crypto Briefing, reported the list...
