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Bitcoin $89,139.49 -3.46%
Ethereum $3,019.56 -3.76%
BNB $879.98 -2.22%
Optimism $0.30 -6.65%
Arbitrum $0.20 -6.76%
Solana $132.34 -4.96%
Polygon $0.22 +2.77%
Cosmos $2.17 -5.81%
Avalanche $13.24 -8.32%

North Carolina Bitcoin Investment Bill would create an investment authority to invest 5% of state funds in digital assets

Bitcoin Laws disclosed details of the Bitcoin investment bill in North Carolina, namely House Bill 506, which will create a new independent North Carolina Investment Authority (NCIA) led by the state treasurer. NCIA will have the authority to invest 5% of various funds in the state in digital assets.

The HB506 bill in North Carolina does not actually create a 'Bitcoin reserve'. The HB506 bill in North Carolina may conceptually be closest to two bills in Florida: HB 487 and SB 550. These bills authorize state-level public funds to invest in Bitcoin, but do not create reserves (for example, there are no provisions for mandatory holdings).

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North Carolina Bitcoin Investment Bill would create an investment authority to invest 5% of state funds in digital assets

All Comments

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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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