Pro: North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’
North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest.
More than a dozen U.S. states have introduced legislation to permit holding Bitcoin ( BTC ) as a strategic reserve. North Carolina is the latest to join the push with the introduction of HB 92.
The bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion. It also authorizes Bitcoin investments for state-managed funds, including teachers’ and state employees’ pensions, insurance funds, and veterans’ home trust funds.
What makes North Carolina’s bill unique is that it was introduced by Rep. Destin Hall, Speaker of the NC House of Representatives. As noted by Dan Spuller, Head of Industry Affairs at the Blockchain Association, Hall is “one of NC’s most powerful leaders.”
The bill is co-sponsored by Representatives Mark Brody and Steve Ross, described by Spuller as “longtime Bitcoin champions.”
Spuller revealed in an X post in late January that he advised North Carolina officials on the bill. At the time, he noted that the process was “moving quickly, and most importantly, the right stakeholders are aligning.”
“This won’t just be a ‘messaging bill’—it’s a plan in motion,” he added.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DOODUSDT now launched for futures trading and trading bots
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Ripple Ends Dispute with SEC, Recovers $75 Million, XRP Surges 10%
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.

Trending news
MoreCrypto prices
More








