Hold onto your digital hats, folks, because North Carolina and Minnesota are jumping on the Bitcoin bandwagon with some bold new moves! Picture this: these states are not just dipping their toes into the crypto waters—they're cannonballing right in!
In North Carolina, the State Senate has given a thumbs-up to SB327, a groundbreaking bill that lets the State Treasurer channel up to 10% of its public funds into Bitcoin. It’s like North Carolina is saying, “Why not add a little Bitcoin spice to our financial recipe?” Of course, they’re keeping things safe with multi-signature cold storage and regular audits to make sure everything stays above board. And don’t worry, they’re not planning to sell off Bitcoin unless things get really rocky.
Meanwhile, over in Minnesota, a transformation is happening. State Senator Jeremy Miller, once a crypto skeptic, has become a Bitcoin believer. After chatting with folks and diving into the world of digital currency, he’s convinced that Bitcoin is here to stay. So, he’s introduced the Minnesota Bitcoin Act to give the state’s investment portfolio a crypto makeover. That means Minnesota state employees could soon have Bitcoin in their retirement accounts, and residents might even pay their taxes with Bitcoin. Who knew paying taxes could get a techy twist?
What’s more, Minnesota is throwing in some sweet incentives—no state income taxes on those Bitcoin gains! It's a crypto paradise in the making.
This is all part of a bigger trend sweeping across the US, with states eager to hop on the Bitcoin express. 23 states are already on board, and the momentum keeps building. Even at the federal level, there’s talk of a massive Bitcoin reserve.
So, grab your digital wallets and stay tuned, because the Bitcoin revolution is gaining speed, and North Carolina and Minnesota are leading the charge!
