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House approves measure to let treasurer study and, in limited cases, invest in digital assets
Summary
House Bill 92 allows the State Treasurer, with guardrails and an investment board, to study and potentially use a small allocation of funds for certain digital assets and directs studies on options for retirement plan participation; the bill passed after debate about pension risk and security.
The North Carolina House passed House Bill 92, the "NC Digital Assets Investment Act," a measure that directs coordination between law enforcement and the State Treasurer on seized digital assets, studies options to permit optional retirement plan participants to invest in digital assets, and allows limited allocations to digital assets subject to statutory caps and oversight.
Sponsor Representative Sheetzelt described three main parts of the bill: a study on establishing a…
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