North Carolina House Passes Bill to Boast State-Level Crypto Investment

In a significant move toward embracing digital finance, the North Carolina House of Representatives passed a bill to facilitate state-level investments in cryptocurrency and blockchain technology.

Overview

On April 30 2025, the House passed the DigitL Assets Investment Act, or House Bill 92, by a vote of 71 to 44. The legislation, officially titled the “Blockchain and Digital Asset Investment Act,” was approved with strong bipartisan support, marking a pivotal step for North Carolina in aligning itself with the fast-evolving crypto landscape.

The bill authorises the state treasury to explore and potentially invest in digital assets such as Bitcoin (BTC), Ethereum (ETH), and blockchain-based financial technologies. It also paves the way for establishing a Digital Assets Strategic Task Force to evaluate risks and opportunities related to crypto investments. Supporters argue that this move will allow the state to diversify its investment portfolio and position itself as a forward-thinking hub for fintech innovation.

Representative Jason Saine, one of the bill’s lead sponsors, emphasised the importance of modernising the state’s investment strategies. “Digital assets are not just a passing trend—they are shaping the future of global finance,” Saine said. “This bill ensures that North Carolina is not left behind as this new financial infrastructure continues to grow.”

Balancing Innovation with Risk Management

While many lawmakers enthusiastically supported the bill, it also sparked debate over financial security and regulatory oversight. Several legislators expressed concern about cryptocurrencies’ volatility and the need for stringent risk management protocols. As a response, the legislation includes a framework for the proposed Digital Assets Strategic Task Force to work closely with financial experts and regulatory bodies.

The task force will produce an annual report detailing the status of digital assets, market trends, cybersecurity threats, and potential investment returns. This report will guide decision-making and ensure accountability as the state navigates the uncharted waters of crypto investments.

Financial experts have pointed out that other US states, including Wyoming and Texas, have already introduced similar initiatives. North Carolina’s entry into the digital finance space could bring long-term benefits. If the initiative is successful, it could help modernise public finance strategies and improve returns on state-managed funds.

Opportunities for Economic Growth and Innovation

Beyond investment potential, the bill also aims to stimulate economic development by encouraging blockchain startups and crypto-focused businesses to establish operations in North Carolina. Proponents believe the legislation could help the state attract talent and innovation in financial services, supply chain management, and cybersecurity sectors.

Local universities and research institutions are expected to collaborate with the Digital Assets Strategic Task Force to develop educational programs and public awareness campaigns around blockchain technology. This collaborative approach could lay the foundation for a skilled workforce equipped to meet the demands of a blockchain-integrated economy.

As the bill moves to the state Senate for further consideration, stakeholders from the public and private sectors are closely watching the proceedings. If enacted, North Carolina could become a leading example of how state governments can responsibly integrate emerging technologies into their fiscal policies.

The passage of the crypto investment bill by the North Carolina House signals a bold step toward digital finance integration at the state level. With appropriate safeguards in place, the initiative promises financial innovation, economic growth, and increased investment opportunities. As North Carolina positions itself for a future driven by blockchain and cryptocurrency, the rest of the nation will watch closely how this legislative experiment unfolds.