cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

North Carolina Passes Bill To Integrate Bitcoin Into $127 Billion Pension Fund

-

by

cryptd.in
in

The North Carolina House has recently approved two significant bills that aim to transform the management of the state’s pension fund, allowing for a modernized investment strategy that includes cryptocurrencies like Bitcoin (BTC). 

This legislative move comes in response to a $16 billion deficit in the pension system and a need for improved investment returns compared to other states.

NC’s Investment Authority Could Allocate 5% Of Portfolio To Bitcoin

House Bill 506 proposes the establishment of a five-member board, the North Carolina Investment Authority, which will oversee the state’s $127 billion investment portfolio. This board will be composed of the State Treasurer, who currently holds final authority over state investments, along with four other appointees. 

The appointments will be made by key state leaders, including the Speaker of the House, the Senate President Pro Tem, and the governor. Each appointee must possess substantial expertise in investments and have a minimum of ten years of successful management experience in pensions, endowments, or similar fields.

In conjunction with this restructuring, House Bill 92 allows the Investment Authority to allocate up to 5% of the state’s portfolio to cryptocurrency and Bitcoin investments. This provision is designed to limit investments to mutual fund equivalents of cryptocurrencies rather than direct purchases of specific currencies, ensuring a more cautious approach to this volatile market.

Supporters of the legislation, including State Treasurer Brad Briner, believe that diversifying investments into cryptocurrencies represents a proactive strategy to enhance the fund’s performance. 

Democrats Raise Concerns Over Crypto Risks

Briner, a Republican elected in November, has expressed a desire to modernize the investment approach, contrasting with the more conservative strategies employed by his predecessor, Dale Folwell.

“We need to spread the allocation around,” said Rep. Keith Kidwell (R-Beaufort), emphasizing the importance of diversification in investment strategies. The bills are seen as a step toward utilizing emerging market opportunities to benefit state employees and retirees.

However, the measures have drawn criticism from some Democrats who caution against the inherent risks associated with cryptocurrency investments. Rep. Maria Cervania (D-Wake) expressed her reservations, stating, “I still have a lot of questions about this investment strategy and the level of commitment we’re making to it.” 

Concerns about the volatility of cryptocurrencies have prompted calls for a more cautious approach to integrating them into the pension fund. The legislation has sparked varied reactions outside the General Assembly. 

Governor Josh Stein has voiced his support for the bills, endorsing the expansion of the Treasurer’s authority over state investments. Conversely, representatives from the State Employees Association of North Carolina have expressed opposition, highlighting potential risks for state workers’ pensions.

Following their passage in the House—with House Bill 506 receiving a vote of 110-3 and House Bill 92 passing 71-44—both bills now advance to the Senate for further consideration. 

비트코인

Featured image from DALL-E, chart from TradingView.com

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (285) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (52) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (59) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (4) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.