Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pro: North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

Pro: North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

Crypto.NewsCrypto.News2025/02/09 16:00
By:By Jayson Derrick

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.”

As promised, North Carolina’s Strategic Bitcoin Reserve legislation was introduced today.

This is a big deal. Let me explain:

📜 HB 92 bill was personally introduced by House Speaker @DestinHall —one of NC’s most powerful leaders. Top of the food chain.

It will directly… pic.twitter.com/QtS6Kj8CKu

— Dan Spuller (@DanSpuller) February 10, 2025

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like