Legislative initiatives made by a member of the House of Representatives of North Carolina from the Republican Party Breden Jones (Brenden Jones) were called the Law on the modernization of investments (Bill 506) and the law on modernization of state investment (Bill 709). They are proposed to create an independent body under the state treasury – the North Carolina investment department.
It is assumed that the new department will be responsible for investment policy, select suitable digital assets, evaluate their potential risks and ensure safe storage of funds. In the context of bills, digital assets are understood to mean cryptocurrencies, stablecoins, NFT and other electronic assets that provide economic or other property rights.
The bills do not oblige the North Carolina state authorities to form reserves in bitcoins or other cryptoactives on their balance sheet, and also do not establish requirements for minimal market capitalization for digital assets, which can be considered as investment objects.
Earlier, the Governor of the American state of Kentukka, Andy Beshear) signed a bill on the rights to Bitcoin, designed to protect the interests of cryptocurrency users.
Source: Bits

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