Bitcoin Magazine
North Carolina Lawmakers Propose State Bitcoin Reserve
North Carolina lawmakers introduced legislation on Wednesday to create a state-controlled Bitcoin reserve.
Senate Bill 327, titled the North Carolina Bitcoin Reserve and Investment Act, would allow the Office of the State Treasurer to allocate up to 10% of public funds into BTC as part of the state’s long-term financial strategy.
The bill, sponsored by Senators Johnson and Overcash, passed its first Senate reading and was referred to the Rules and Operations Committee. Its stated goals include establishing a Strategic Bitcoin Reserve, promoting BTC as a financial innovation, and positioning North Carolina as a leader in state-level crypto adoption.
Under the proposal, the Treasurer would manage the reserve using cold storage wallets with multi-signature authentication.
A new department within the Treasurer’s office would take custody of the assets, ensuring state control. The bill also calls
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