Wednesday, the House of Representatives of North Carolina is on the right track to vote to find out if money from public funds could be allocated to the purchase of Bitcoin, a local regional newspaper reports.
This also applies to the Northern Caroline Retirement Fund, which offers retirement services to police, teachers, firefighters, etc. It has a total of $ 129 billion in assets. The fund has more than a million members, including current employees and retirees.
Currently, the fund portfolio is mainly composed of public equity and superior fixed income. It also contains real estate as well as non-traditional alternative investments such as investment capital.
The bill facing the vote today will allocate up to 5% of state funds to the main cryptocurrency. Bitcoin is the only digital asset that would be considered an investment because its market capitalization exceeds the $ 750 billion mark.
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The bill was watered down in relation to the original bill, which stipulated a maximum allowance of 10%.
The new version of the version also requires that the parts be stored using a safety guard solution instead of being only controlled by a state treasurer.
Update: The bill has already adopted the House of Representatives of North Carolina with a simple majority. A total of 71 legislators voted in favor while 44 voted against. The bill will now be able to move on to the next stage of the legislative process.
