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NC H92

Bill

Status

Engrossed

5/1/2025

Primary Sponsor

Stephen Ross

Click for details

Origin

House of Representatives

2025-2026 Session

AI Summary

  • Authorizes the State Treasurer to invest designated state funds in digital assets (cryptocurrencies, stablecoins, NFTs, etc.) up to a maximum of 5% of any fund's balance, contingent on third-party assessment of secure custody, portfolio appropriateness, and regulatory compliance

  • Directs the Treasurer to examine allowing members of the Supplemental Retirement Income Plan and 457(b) Deferred Compensation Plan to voluntarily invest in digital assets through exchange-traded products, with potential rules on contribution limits and educational materials

  • Requires the State Bureau of Investigation, in cooperation with the Treasurer and law enforcement agencies, to study establishing a North Carolina Digital Asset Reserve to hold seized and forfeited digital assets, with findings due to the Joint Legislative Oversight Committee on General Government by March 1, 2026

  • Defines key terms including "digital asset," "secure custody solution," and "private key" to establish standards for investment and storage

  • Includes coordination provisions with House Bill 506 and Senate Bill 709 (2025 Session) to shift investment authority to the Investment Authority if those bills become law

Legislative Description

NC Digital Assets Investments Act

Boards

Last Action

Ref To Com On Rules and Operations of the Senate

5/1/2025

Committee Referrals

Rules and Operations of the Senate5/1/2025
Rules, Calendar, and Operations of the House4/16/2025
Pensions and Retirement3/5/2025
Commerce and Economic Development2/12/2025

Full Bill Text

No bill text available