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North Carolina's Legislature Passes Bill to Study Feasibility of State Holding Bitcoin and Gold

June 29 (Cointime) - The lower house of North Carolina's legislature has passed a bill that would require the state treasurer to study the feasibility and benefits of holding Bitcoin and gold bullion. The $50,000 study would investigate the impact of holding cryptocurrency and gold on the state's funds, including whether they could act as a hedge against inflation and systemic credit risks. The bill also considers the creation of a state-administered depository for crypto, with North Carolina acting as the custodian of its virtual asset holdings. The bill must now pass the Senate before it can become law.

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