North Carolina has taken a big step towards bitcoin integrating in its financial framework, as it presented the House of Representatives Bill 92 to create the state -run Bitcoin Strategic Reserve (SBR).
If approved, the legislation will allow up to 10 % of the state -controlled funds, including pension and pension systems, in products circulated in Bitcoin exchange (ETPS). Looking at the financial property scale in North Carolina, this can be translated into $ 14 billion in Bitcoin-one of the largest coding allocations backed by the country so far.
The introduction to the bill comes amid a wider wave of the United States that explore similar initiatives. Twenty -two states now thinking or implementing SBR bills. However, the Step of North Carolina is highlighted by the influence of its main supporters and the speed of the proposal.
What distinguishes House Bill 92 on exchange is his strong political support. The SBR bill has been presented by the Speaker of the House of Representatives in North Carolina Distin Hall, a senior government official with a major legislative impact. The participating sponsors, MP Steve Ross and mix Mark Broody, have always been a voice supporter of Bitcoin, and called for his adoption at both federal and state levels.
Dan Spuller, head of industry affairs at the Blockchain Association, also played a pivotal role, as he advised government officials regarding the draft law. In a recent statement, Spuller stressed that this initiative is not just a messenger bill but a concrete step towards combining bitcoin into public investment strategies.
The shift towards strategic bitcoin reserves
North Carolina’s decision is in line with the increasing direction of the American states that explore strategic bitcoin reserves. In recent weeks, Montana, Florida, Maryland and Kentucky have suggested similar legislation, indicating an increase in the appetite of financial strategies backed by bitcoin at the state level.
Meanwhile, a bitcoin reserve bill in Utah has already submitted to the Senate, which he presented in the legislative race. However, not all countries have found success in Bitcoin’s aspirations. The bills that were submitted in North Dakota and Wyoming have failed to get traction.
