On Wednesday, the North Carolina House is on track to vote well on whether money from the state’s public funds will be allocated for local local newspaper purchases. Report.
This also applies to North Carolina Pension Funds, which provide retirement benefits to police officers, teachers, firefighters and others. It has a total of $129 billion in assets. The fund has over 1 million members, including current employees and retirees.
Currently, the fund’s portfolio consists primarily of public equity and investment grade bonds. It also holds real estate and non-traditional alternative investments such as private equity.
The bill facing today’s vote will allow up to 5% of the state’s funds to be allocated to major cryptocurrencies. Bitcoin is the only digital asset eligible for investment, with its market capitalization exceeding $750 billion.
The bill is watered down compared to the original bill, which provides for a maximum 10% allocation.
Also, the new version of the bill would require the coins to be saved with the help of security management solutions, rather than being managed only by state treasurers.