BlockBeats News, May 1st, according to Cointelegraph's report, the North Carolina House of Representatives passed the "Financial Assets Investment Act" (HB 92) with a vote of 71 in favor and 44 against, allowing the state treasurer to invest up to 5% of state government funds in approved cryptocurrencies. The bill has now been submitted for review by the state Senate.
North Carolina State Treasurer Brad Briner publicly supports the bill, making North Carolina the second state in the U.S., following Arizona, to advance government cryptocurrency investments. The Arizona legislature passed two cryptocurrency reserve-related bills (SB 1025/SB 1373) on April 28th, currently awaiting signing by Governor Katie Hobbs. Arizona may become the first state in the U.S. to require public funds to be invested in Bitcoin.
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