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North Carolina Lawmakers Propose Incorporating Crypto into the State’s Retirement System
North Carolina lawmakers have introduced legislation in both the Senate and House that could direct the state treasurer to invest up to 5% of various state retirement funds in digital assets, including cryptocurrencies such as Bitcoin. On March 24, Representative Brenden Jones proposed the Investment Modernization Act (House Bill 506), which would create an independent investment authority within the state Treasury. This authority would evaluate and select which digital assets qualify for inclusion from the designated allocation of retirement funds. tweet Also, on March 25, the State Investment Modernization Act ... (full story)
