Is the United States entering the era of "Auto-Invest in Bitcoin Reserves"? North Carolina's bill "10% Fund to Buy BTC", put in Cold Wallet and prohibited from selling.

The North Carolina Senate proposed SB327, which specifies the storage specifications and cold storage methods of bitcoin, and basically can only be bought and cannot be sold, and up to 10% of the fund can be converted into bitcoin as a reserve, which is considered by the industry to be the most complete example of the current state reserve bill. (Summary: Trump builds crypto strategic reserves" poll: 51% of US voters "oppose the government spending money to buy coins"! Why don't taxpayers buy it? (Background added: Have money to buy Bitcoin? Trump ordered the establishment of a US sovereign fund, revenue or from tariffs, former senior generals of Damo ) US President Trump held a crypto summit at the White House at the beginning of this month to announce the strategic reserve of bitcoin, although the federal government's move is like supporting bitcoin, but only intends to use the only bitcoin currently available in the United States as a reserve, and does not intend to buy more, so it caused a small decline in the market at that time, but Trump promised that the bitcoin reserve will not be sold mainly as a holding, optimistic in the later stage. In addition to the federal government system, local governments in the United States are also keeping up with this wave of bitcoin craze, even more radical than imagined, 24 states are currently discussing bitcoin state reserve related plans, and the current state bills are constantly improving, today North Carolina passed the bitcoin reserve bill SB327, according to the content of the bill, will authorize the North Carolina government to invest up to 10% of the annual provident fund as a purchase of bitcoin reserves, but also stipulates some more detailed reserve specifications, People in the industry began to think that the bill may become a model for US states to "invest in bitcoin". NEW: North Carolina Bitcoin Reserve Bill SB327 authorizes the State Treasurer to allocate up to 10% of public funds to Bitcoin. – Custody: multi-sig cold storage– Proof of reserve: monthly audits– HOLDing: selling limited to "severe financial crisis" plus strict conditions pic.twitter.com/cxD1N5Bx8R — Bitcoin Laws (@Bitcoin_Laws) March 18, 2025 The North Carolina Senate mainly introduced two bills, HB92 and SB327, according to the content of the bill, bitcoin can only be stored through cold storage, the relevant assets cannot be handed over to custodians and hot wallets for retention, and the asset sale conditions are set to "only in severe financial crises." The North Carolina bill shows that bitcoin reserves are essentially buy-and-sell "value" reserves, and that security specifications will introduce the highest standards in the industry and will not allow custodians and market makers room to maneuver. With a fund of $9.5 billion in North Carolina, the state treasury would be able to convert/buy nearly $1 billion in bitcoin assets if the bill passed, and according to the bill's definition, the fund's annual earnings could also be reinvested in bitcoin, which is a huge one-time bitcoin buying opportunity. Will states in the United States buy in? But it must be said that there are many states that propose bitcoin bills do not necessarily represent potential buying in the future, first of all, although nearly 24 states currently have legislators to implement bitcoin bills, but the promotion of states is actually very sporadic, it must depend on the support of the local houses of the states for the bill, at present, only Utah has passed, Arizona has brought the bill to the legislature for a vote, and finally has to wait for the governors of the states to sign, and may need to wait for a longer legislative process. For example, the passed Utah Bitcoin Reserve Act has deleted the clause of "converting 5% of assets into Bitcoin", which can be regarded as only opening up the option that local governments "can buy", but whether the specific state government dares to buy it, whether the purchase of bitcoin will be boycotted by Democrats on the state budget, forming a new conflict point of confrontation between the government and the opposition, it is also unknown, so the two parties agree to open the "option". It should not be assumed that the state will necessarily buy Bitcoin. Extended reading: Utah passed the Bitcoin Act, but the most important clause "5% of assets to buy BTC was deleted", where is the next hope? The third is that local governments around the world have not yet had successful experience in managing bitcoin assets, and before confirming security, local governments may not dare to invest even if they have options but may not invest because of information security issues, so the provisions in the North Carolina bill, directly written with the crypto industry term "cold wallet storage" and other words, can be said to be a very important part, which represents that the security and industry standards of cryptocurrencies have entered the process of state bill discussions, which can be said to be a milestone. But even if the standard is included in the bill, the focus is on whether trust in technology can be established, whether this standard can be disseminated to state bills in the future, and even convince most lawmakers (including Democrats) that cryptocurrencies are safe and reliable assets, which may be the main focus of the promotion of local bitcoin reserves in the United States. Related reports Dr. Bao Ge Rujun: Taiwan has Ready Bitcoin reserves! Cryptocurrency special law "it's better not to be good" The "new version" of the US Reserve 1 Million Bitcoin Act focuses: allowing the use of gold and exchange funds to buy BTC, banning the sale for 20 years... The U.S. Treasury Department promotes "bitcoin reserves" rumors have met with 3 custodian companies, and the Democratic Party presses to stop: It's all Trump's conspiracy 〈The United States has entered the era of "fixed investment bitcoin reserves"? The North Carolina bill "10% of funds buy BTC", cold wallets are not allowed to sell" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".