North Carolina Pushes for Crypto Exposure in Public Pension Funds with New Legislation
Lawmakers in North Carolina appear to now be advancing legislation that could allow the state to allocate a portion of its public retirement funds into digital assets, including cryptocurrencies like Bitcoin.
Two identical bills, House Bill 506 and Senate Bill 709, introduced on March 24 and March 25 respectively, propose the creation of a new agency — the North Carolina Investment Authority — tasked with evaluating and managing investments in digital assets.
Oversight and Risk Considerations
House Bill 506, also known as the Investment Modernization Act, was introduced by Representative Brenden Jones. It outlines a framework under which the newly formed authority could invest up to 5% of various state funds into cryptocurrencies…
