North Carolina Lawmakers Push Bills for Crypto Pension Investments
Crypto Bills considered by North Carolina as investments for public pension funds. Lawmakers recently introduced two bills that would allow up to 5% of certain funds to be allocated to digital assets, including cryptocurrencies, stablecoins, and NFTs.
Two Bills to Boost Crypto Exposure
House Bill 506, filed by Representative Brenden Jones, and Senate Bill 709 aim to create an independent “Investment Authority” to manage pension fund allocations. This authority would operate separately from the State Treasurer and ensure secure custody of digital assets.
Growing Trend Across U.S. and Beyond
North Carolina follows Indiana, Kansas, and Florida in exploring crypto-based pension fund investments. Globally, pension funds in Australia and Norway have also increased their crypto exposure, reflecting a shift toward digital asset adoption.
If passed, these bills could position the state at the forefront of crypto adoption in public finance.
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