North Carolina House of Representatives President Destin hallpresented a bill that would allow the state treasury to invest in crypto currencies. The law “North Carolina Digital Assets Investments Act” Investment portfolioIt aims to diversify NU and make North Carolina leader in digital transformation. Bitcoin (BTC) $98,174.7 The bill, which envisages the investment in crypto currencies with large market value, limits these investments to 10 percent of the fund balance.
Crypto money investment criteria and foreseen limitations
Draft Law of the Treasury of the Treasury only complies with certain criteria crypto currencyLa allows him to invest. These crypto currencies must be accepted as “stock market investment product ve and the average market value in the last 12 months must be at least 750 billion dollars. This criterion is currently gaining only Bitcoin.
According to the bill, crypto currency investments should not exceed 10 percent of the total balance of the fund. It is aimed to reduce investment risks with this limit and to maintain the financial balance of the state. Hall, in his statement, this initiative will not only increase the returns of the state investment fund, but also North CarolinaHe said he would lead technological developments.
Hall’s social media platform X sharing the law proposal in the US President Donald Trump‘s “National Bitcoin Reserve” vision is in accordance with the vision, he said. He emphasized that this step offers the opportunity to strengthen the financial future of the state and to be a pioneer in Bitcoin investments.
New Trend “Bitcoin Reserve” in the USA
This attempt by North Carolina is part of a rapidly spread trend in the USA. Texas, Pennsylvania, Ohio And Oklahoma As such states have presented similar law proposals to create Bitcoin reserves.
Trump management crypto currencyThe positive approach to Lara made Bitcoin a strategic investment tool for states. Bitcoin’s high market value and global importance reshape the investment strategies of the states. This trend has already transformed Bitcoin into a competition area between states.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
