N.C. Lawmakers Consider Investing State Funds in Crypto
(TNS) — North Carolina House members are expected to vote Wednesday on whether the state can invest a portion of its public funds — for retirement, education, transportation, general spending, and more — in cryptocurrency.
The NC Digital Assets Investments Act, sponsored by 27 Republicans, would permit the state treasury department to place up to 5% of funds’ assets in digital currencies like Bitcoin.
The bill applies to more than two dozen funds, including the state’s $129 billion pension plan covering firefighters, teachers, police officers and state employees. It also calls for the North Carolina treasurer and the State Bureau of Investigation to study how…
