Bills have been presented in both the House and Senate to increase interest in digital assets
North Carolina lawmakers are considering new legislation that could allow the state’s treasurer to invest a portion of retirement funds in digital assets, including Bitcoin. Bills introduced in both the House and Senate propose allocating up to 5% of these funds into cryptocurrencies, marking a shift in investment strategy for state-managed pensions.
🚨 NEW: North Carolina Bitcoin Investment Bill
House Bill 506 would create a new independent NC Investment Authority headed by the Treasurer.
The NCIA would have authority to invest 5% of various state funds in digital assets. pic.twitter.com/YuYmI8YyY2
— Bitcoin Laws (@Bitcoin_Laws) March 25, 2025
House Bill 506, known as the Investment Modernization Act, was introduced on March 24 by Representative Brenden Jones. A day later, the Senate proposed an identical version, Senate Bill 709.
These measures seek to establish an independent investment authority under the state’s Treasury, which would evaluate digital assets for potential inclusion in retirement portfolios. The definition of digital assets within the bills is broad, covering cryptocurrencies, stablecoins, and non-fungible tokens (NFTs), among others.
Unlike similar legislation in other states, the North Carolina bills do not specify market capitalization requirements for digital assets. Instead, the proposed investment authority would assess the risk and security of any selected assets, ensuring that funds are held in a secure custody solution. While the bills allow for crypto investments, they do not mandate long-term holdings of any specific asset, including Bitcoin.
This legislative effort follows another crypto-related proposal in North Carolina. Earlier in March, Senate Bill 327, called the Bitcoin Reserve and Investment Act, was introduced, seeking to allocate up to 10% of public funds exclusively to Bitcoin. This bill aims to use Bitcoin as a financial tool to strengthen the state’s economic position, requiring secure storage in a multi-signature cold wallet.
With increasing interest in digital asset investments, North Carolina joins a growing list of states considering crypto-related legislation. If approved, these bills could reshape how public funds are managed and introduce a new level of exposure to the evolving crypto market.
