North Carolina legislators have introduced bills in the House and Senate that propose allocating up to 5% of state retirement funds into cryptocurrencies like Bitcoin. The Investment Modernization Act (House Bill 506), introduced by Representative Brenden Jones, aims to establish an independent investment authority under the state’s Treasury to decide on suitable digital assets for inclusion in the retirement funds. A similar bill, the State Investment Modernization Act (Senate Bill 709), was also introduced in the state’s Senate. These bills define digital assets as cryptocurrencies, stablecoins, NFTs, or any electronic asset with economic or proprietary value. Unlike other state-level crypto bills, the North Carolina bills do not specify market cap criteria for digital assets. The proposed North Carolina Investment Authority would evaluate the risk and reward profiles of digital assets and ensure secure custody solutions for the funds. Meanwhile, the Bitcoin Reserve and Investment Act (Senate Bill 327) introduced earlier by North Carolina senators calls for allocating up to 10% of public funds specifically into Bitcoin to enhance the state’s economic position. The bill mandates storing Bitcoin in a multi-signature cold storage wallet and allows liquidation only during severe financial crises with approval from the state’s General Assembly. Additionally, a Bitcoin Economic Advisory Board would oversee the reserve’s management. As per Bitcoin Law, 41 Bitcoin reserve bills have been introduced in 23 states, with 35 bills still active. Recently, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using cryptocurrency seized in government criminal cases.