North Carolina and Florida Propose Bitcoin Investments for State Reserves

Legislation in both states aims to allocate public funds into Bitcoin, reflecting a growing trend among U.S. states exploring cryptocurrency investments.

Florida's proposed SB 550 bill would allow up to 10% of state-managed reserves, such as the General Revenue Fund, to be invested in Bitcoin, with strict guidelines on custody and compliance.
North Carolina's HB 92 bill seeks to permit investments in cryptocurrency-related exchange-traded products with a market value exceeding $750 billion, effectively targeting Bitcoin.
Nineteen U.S. states are currently considering similar legislation, with Utah, Texas, and Arizona among those advancing plans for state-level Bitcoin reserves.
The push for state-level Bitcoin investments aligns with President Trump's federal initiative encouraging exploration of a Strategic Bitcoin Reserve.
Proponents argue that Bitcoin investments could serve as a hedge against inflation and position states as leaders in digital innovation.