The North Carolina Bitcoin Investment Act will create an Investment Management Bureau that will allocate 5% of funds within the state to invest in digital assets

On March 25th, BlockBeats reported that Bitcoin Laws released details of North Carolina's Bitcoin investment bill, known as House Bill 506, which will create a new independent North Carolina Investment Authority (NCIA) led by the state's Secretary of the Treasury. NCIA will have the authority to invest 5% of various funds within the state in digital assets.