Summary
- The North Carolina Senate has newly introduced the Bitcoin reserve bill SB327.
- The SB327 bill grants the State Treasurer the authority to invest up to 10% of public funds in Bitcoin.
- Bitcoin will be stored in multi-signature cold storage, and proof of holdings will be conducted monthly.
A new Bitcoin (BTC) reserve bill has emerged in the state of North Carolina, USA. This time, it was introduced in the Senate.
According to Bitcoin Law X (formerly Twitter) on the 18th (local time), the North Carolina Senate has newly introduced the Bitcoin reserve bill SB327. This is a new bill different from the previously proposed HB92 in the House.
Like HB92, the core of the SB327 bill is to grant the State Treasurer the authority to invest up to 10% of public funds in Bitcoin.
Looking at the details, Bitcoin purchased by the state will be stored through multi-signature cold storage, and proof of holdings will be conducted monthly. SB327 also stipulates that Bitcoin sales are restricted unless there is a serious financial crisis.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
