North Carolina becomes 20. US state to introduce legislation for Bitcoin Reserve

Lawmakers Northern Carolina have introduced an account that allows a state treasury to invest up to 10% in Bitcoin (Btc) and other qualified digital assets.

The starting Bill 92, sponsored by Representative Destin and Mark Brody and Steve Ross, qualifies any Cripto with a market cap of over 750 billion in 12 months, has preceded to potential investment as a qualified digital asset.

It is implemented that only Bitcoin fits comfortably into this request, because the threshold is over 2K higher than Etherum’s (ETH) currently 323 million market caps.

In addition, investment must happen through a regulated product traded (ETP).

Under the account, the North Carolina’s civilian treasurer can invest in the CRIPTO through the General Fund, the Highway Fund and 24 special means under its supervision.

The Governor and the Council of State will monitor the implementation of investments on digital means and third party investment managers in the field of digital assets must have at least $ 100 million in management assets.

20 American States

North Carolina is the 20th state to introduce reserves Bitcoin. Last week, lawmakers in Montana and Florida introduced accounts for the establishment of Bitcoin Reserve, adding an increasing number of American countries that integrate digital assets into their financial strategies.

Montana Bil 429 proposes a special account of investment income in precious metals, stablecoine and digital assets that requires minimal market capitalization of $ 750 billion.

The bill is also a mandate that this property is held by a qualified guardian or through the Berze’s Fund (ETF). Up to $ 50 million from the general state fund can be awarded to this investment.

Florida is similar to a law that seeks to authorize the main financial officer of the state (CFO) to invest in Bitcoin, awarded up to 10% of public funds to the asset. The legislation positions Bitcoin as protection against inflation, referring to His historical appreciation and increasing acceptance among sovereign peoples and investment firms.

It also includes provisions for state agencies to accept Bitcoin payments, at the same time require conversion to American dollars for general contributions of the income fund.

Members in Maryland, Iowa and Kentucky have also introduced accounts To integrate Bitcoin (BTC) as strategic backup assets.

Kentucki House Bill 376, led a representative TJ Roberts, would enable the Bitcoin to 10% of surplus state funds, allows digital funds to pay for digital currency of Central Bank (CBDCS).

Maryland’s home of the Preload Law 1389, introduced by Cailin Young representatives, proposes the MARILAND BITCOIN spare fund, which will gamble gambling uniquely funded.

Meanwhile, Iowa’s house with houses 246, from Taylor Collins, would allow the civilian treasurer to invest in Bitcoin, StableCoins and noble metals, with 5% of the public fund’s separation cap.