Key Takeaways:
- North Carolina is considering allocating up to 10% of its public funds into cryptocurrency, focusing on Bitcoin.
- The bill, backed by House Speaker Destin Hall, follows similar discussions in 18 other states, with Utah leading legislative progress.
- State-level crypto investment interest has grown after President Trump’s push for a federal Strategic Bitcoin Reserve.
North Carolina has joined 18 other states in considering legislation to invest public funds in cryptocurrency, specifically allowing up to 10% of its general and highway funds to be allocated to digital assets.
Currently, Bitcoin (BTC) is the only cryptocurrency that meets the high market capitalization requirement.
As promised, North Carolina’s Strategic Bitcoin Reserve legislation was introduced today.
— Dan Spuller (@DanSpuller) February 10, 2025
This is a big deal. Let me explain:
📜 HB 92 bill was personally introduced by House Speaker @DestinHall—one of NC’s most powerful leaders. Top of the food chain.
It will directly… pic.twitter.com/QtS6Kj8CKu
House Speaker Destin Hall is backing the bill, introduced on Monday, emphasizing the potential for positive returns and positioning the state as a leader in technological innovation.
Although no state legislature has fully approved similar measures, Utah’s bill has passed a state house vote, and states like Wisconsin and Michigan have already invested retirement funds in crypto.
The push for state-level crypto investment gained traction following an executive order from former President Donald Trump encouraging the creation of a federal Strategic Bitcoin Reserve.
While national legislation is still pending, several states are moving forward independently.
Utah remains at the forefront, with its bill now advancing to the state Senate.
If ongoing discussions materialize, up to 23 states may soon be evaluating crypto investments.
North Carolina’s move signals growing state-level interest in digital assets as part of public investment strategies, despite regulatory uncertainties at the federal level.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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