Techub News Report: According to Bitcoin Magazine, North Carolina state senators Johnson and Overcash have proposed bill SB 327 to establish a strategic Bitcoin reserve, which passed its first reading today. The bill aims to authorize the state treasurer to allocate up to 10% of public funds to Bitcoin as part of the state's long-term financial strategy. The bill also allows regulated yield-generating activities such as staking and lending, requires Bitcoin to be stored in multi-signature cold wallets, establishes a dedicated state custody department, establishes a Bitcoin Economic Advisory Committee to provide guidance, and conducts monthly audits.
Techub News Report: According to Bitcoin Magazine, North Carolina state senators Johnson and Overcash have proposed bill SB 327 to establish a strategic Bitcoin reserve, which passed its first reading today. The bill aims to authorize the state treasurer to allocate up to 10% of public funds to Bitcoin as part of the state's long-term financial strategy. The bill also allows regulated yield-generating activities such as staking and lending, requires Bitcoin to be stored in multi-signature cold wallets, establishes a dedicated state custody department, establishes a Bitcoin Economic Advisory Committee to provide guidance, and conducts monthly audits.