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.
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.
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.
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.
The post Just In: North Carolina House Speaker Introduces Strategic Bitcoin Reserve Bill appeared first on CoinGape.
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