Catenaa, Sunday, March 30, 2025-Lawmakers in North Carolina have introduced bills in both legislative chambers seeking to allow pension funds to invest up to 5% of their assets in crypto.
Representative Brenden Jones filed House Bill 506 on Monday, while Senate Bill 709 was introduced Tuesday. Both measures propose creating an independent “Investment Authority” to oversee digital asset investments for various state retirement funds. The authority would operate within but independently from the State Treasurer’s Office.
The bills specify that crypto investments, including Bitcoin, stablecoins, and NFTs, must be held in secure custody and managed based on risk-reward analysis. The push follows House Bill 92 and Senate Bill 327, which sought to permit the State Treasurer to invest in Bitcoin directly.
North Carolina joins a growing number of states exploring crypto investments, reflecting broader legislative interest since pro-crypto President Donald Trump took office in January.
Bitcoin, the world’s largest cryptocurrency, rose 1.6% in the past 24 hours, trading at $88,025 as of Wednesday morning.
If passed, the legislation would mark a significant shift in public pension fund strategies, potentially influencing broader institutional adoption of digital assets.
