North Carolina Bills Would Add Crypto To State’s Retirement System
North Carolina lawmakers have introduced bills in the House and Senate that could see the state’s treasurer allocate up to 5% of various state retirement funds into cryptocurrencies such as Bitcoin.
The Investment Modernization Act (House Bill 506), introduced by Representative Brenden Jones on March 24, would create an independent investment authority under the state’s Treasury to determine which digital assets could be suitable for inclusion into the state retirement funds.
An identical bill, the State Investment Modernization Act (Senate Bill 709), was introduced into the state’s Senate on March 25.
The North Carolina bills don’t set market cap criteria for digital assets, unlike other crypto bills that are working their way into law at the state level.
Berkshire-backed Nubank Adds ADA, NEAR, ATOM To Crypto Offerings
Nubank, a Latin American financial bank backed by Warren Buffett’s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio.
The bank is adding Cardano, Near Protocol, Cosmos and Algorand to its 100 million clients in Brazil.
Nubank’s revenue grew to nearly $3 billion at the end of 2024 from $245 million in the first quarter of 2021, Statista data show.
The four additional coins will bring Nubank Cripto’s total coin offerings to 20.
SEC’s Crypto Task Force Will Host 4 More Industry Roundtables
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force will host four more roundtable discussions with the industry this spring, on topics ranging from tokenization to decentralized finance (DeFi).
The specific agenda and speakers for each roundtable have yet to be disclosed, but a roundtable on crypto custody will follow on April 25, with another to discuss tokenization and moving assets onchain on May 12. The fourth roundtable in the series will discuss DeFi on June 6.
GameStop Hints At Future Bitcoin Purchases Following Board Approval
GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.
According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin and US-dollar-pegged stablecoins.
GameStop appears poised to take a page out of Strategy’s playbook by adding Bitcoin to its balance sheet.
You need to login in order to Like
