24/7 Cryptocurrency News

Just In: North Carolina House Speaker Introduces Strategic Bitcoin Reserve Bill

North Carolina's HB 92 proposes a Strategic Bitcoin Reserve, allowing up to 10% of state funds in Bitcoin-related investments.
Just In: North Carolina House Speaker Introduces Strategic Bitcoin Reserve Bill

Highlights

  • NC bill HB 92 seeks to invest up to 10% of state funds in Bitcoin, targeting digital assets with over $750B market cap.
  • Bipartisan support for NC's Bitcoin strategy as lawmakers eye state-managed funds for BTC investments.
  • Following Trump's pro-crypto stance, NC joins FL and KY in legislative push for state Bitcoin reserves.

North Carolina has taken a major step toward integrating Bitcoin into state financial strategies. House Speaker Destin Hall has introduced HB 92, a Strategic Bitcoin Reserve bill that proposes allowing the state to allocate funds into Bitcoin-related investments.

This move follows similar efforts by multiple states like Florida and Kentucky, which have introduced legislation to add Bitcoin to public investment portfolios.

Advertisement

North Carolina Introduces Strategic Bitcoin Reserve Bill

In light of Donald Trump’s pro-crypto stance and the growing push for a U.S. Strategic Bitcoin Reserve, North Carolina is taking legislative action.

The Strategic Bitcoin Reserve bill was introduced by House Speaker Destin Hall, one of the state’s most influential political figures. The bill proposes that up to 10% of state funds be allocated to Bitcoin-related exchange-traded products.

The proposed legislation outlines that only digital assets with a market capitalization of at least $750 billion would qualify for investment. If passed, the bill would allow Bitcoin investments for various state-managed funds, including public employee pensions, veterans’ home trust funds, and insurance reserves.

Advertisement

Bipartisan Support and Legislative Backing

HB 92 is co-sponsored by Representatives Mark Brody and Steve Ross, both long-time advocates for Bitcoin adoption. The bill’s introduction reflects growing bipartisan interest in exploring digital assets as part of state financial reserves.

Dan Spuller, Head of Industry Affairs at the Blockchain Association, played a role in advising state officials on the bill. In a statement on X, he emphasized that

“this won’t just be a ‘messaging bill’—it’s a plan in motion.”

Spuller also noted that several states have attempted similar legislation, but many proposals have not progressed. However, he believes North Carolina’s approach will be taken seriously due to Speaker Hall’s direct involvement.

Advertisement

National Trend of Bitcoin Reserve Bills

North Carolina joins a list of states that have introduced legislation to establish Bitcoin reserves.

Kentucky recently proposed a Strategic Bitcoin Reserve bill to allocate 10% of its reserves into Bitcoin and other digital assets. Similarly, Florida Senator Joe Gruters introduced SB 550, which seeks to allow the state’s Chief Financial Officer to invest in Bitcoin using public funds.

On a national level, the idea of a U.S. Bitcoin reserve has gained attention, particularly with President Donald Trump’s stance on digital assets. Some industry leaders like VanEck Chief Matthew Sigel have argued that a Bitcoin reserve strategy could play a role in maintaining U.S. economic strength.

Next Steps for North Carolina’s HB 92

The Strategic Bitcoin Reserve bill will now move through the legislative process, where lawmakers will review and debate its provisions. If approved, North Carolina would become one of the first states to allocate public funds to Bitcoin investments.

As the North Carolina Blockchain Initiative concludes its six-year role as a government task force, industry leaders continue to advocate for digital asset policies at the state and federal levels.

Spuller has indicated that he will now focus on national efforts, working with organizations such as the Blockchain Association in Washington, D.C. Meanwhile, the news has spurred some optimism with the Bitcoin price recovering and moving past the $98K resistance. At press time, BTC price was exchanging hands at $97,842, a 1.11% surge from the intra-day low of $95,320.

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025