North Carolina Proposes Allocating 10% of Public Funds to Bitcoin Reserve
North Carolina’s Senate Bill 327 proposes allocating up to 10% of public funds into bitcoin, aiming to establish a strategic reserve and position the state as a leader in cryptocurrency adoption.
Introduced on March 19, 2025, by Senators Todd Johnson, Brad Overcash, and Timothy Moffitt, the bill outlines security measures such as cold wallets, multi-signature authentication, and monthly audits. It also mandates transparency with quarterly reports and public disclosures. If passed, the bill would allow the state treasurer to manage bitcoin purchases, including bulk buys and potential mining operations, to boost the reserve’s value.
Clever Robot News Desk 23th March 2025
