North Carolina Bills Would add Crypto to Retirement System

North Carolina lawmakers are actively pursuing legislation to incorporate crypto, including Bitcoin, into the state’s public funds and retirement systems. Several bills have been introduced with varying scopes and provisions.

Digital Assets Investments Act (House Bill 92) proposed in February 2025, this bill would allow the state treasurer to invest up to 10% of public funds, including the $127 billion pension fund and State Health Plan, into crypto like Bitcoin and NFTs.

It aims to diversify investments and improve financial returns for state employees' retirement funds and other public programs. The bill has bipartisan support and aligns with broader national trends in crypto adoption

Investment Modernization Act (House Bill 506 and Senate Bill 709) introduced in March 2025, these twin bills propose creating an independent investment authority under the state Treasury to manage digital asset investments for retirement funds.

This authority would assess the risk-reward profile of each asset and ensure secure custody solutions. The bills allow up to 5% of retirement funds to be allocated to digital assets without mandating specific crypto.

Filed in March 2025, this bill expands on earlier proposals by authorizing the allocation of up to 10% of public funds exclusively to Bitcoin. It mandates secure storage in multi-signature cold wallets and requires monthly proof of holdings. This legislation positions North Carolina as a leader in state-backed Bitcoin reserves.

These legislative efforts reflect a growing interest in leveraging digital assets for financial innovation and improved investment performance. However, they also highlight debates over the risks associated with crypto volatility and long-term stability.

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