TechFlow news, on February 11, according to Decrypt, North Carolina Representative Deborah Ross introduced a bill proposing to allow the state Treasury to invest up to 10% of public funds and retirement system assets in bitcoin ETPs (exchange-traded products).
Although the bill does not explicitly mention bitcoin, it specifies that the investment target must be a digital asset ETP with an average market capitalization exceeding $75 billion over the past 12 months. If passed, North Carolina could allocate more than $10 billion into bitcoin-related funds. Currently, over a dozen states, including Montana, Maryland, and Kentucky, have introduced similar proposals.
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