Not very fond of CBDCthe representatives of North Carolina want to studyother alternatives like gold and bitcoin. It is to better advance in this direction that they adopted a bill urging the Treasury of this State to study the feasibility of holding BTC by the latter.
Bitcoin as an anti-inflation remedy in North Carolina
The FED chairman, a CBDC fan now open to stablecoins, is not America. Although very popular, it does not manage to overshadow elected Americans, especially Republicans like Cynthia Lummis, bitcoin enthusiasts.
According to Cointelegraphit was the entire North Carolina House of Representatives who, this time, demonstrated his interest in bitcoin. To do this, the elected officials of this State voted to 73 votes against 40 (including 7 absent) a bill that will speed things up.
” The North Carolina House of Representatives passes a bill asking the Treasury to study the process of buying and holding Bitcoin.
The bill is now before the Senate. »
Thus, in the event of approval by the Senate, the Treasury will be allocated an envelope of 50,000 dollars to carry out this investigation. The latter relates in fact to examinations concerning ” acquisition, safe storage, insurance and liquidation » bitcoin (and other cryptocurrencies), and also gold bars.
The ultimate goal of elected officials in North Carolina is to find out if these assets (gold and BTC) can really serve asalternatives against galloping inflation plaguing the country. Do they constitute remedies against systemic credit risks »? What about their volatility and their contribution to government portfolios?
A state custodian of its digital assets
At the end of this study, North Carolina will have (or not) a cryptocurrency deposit which will be managed by the state.
However, the following other issues will also be considered: private depositary or depositary of another State. The decision of local elected officials will depend on factors such as costs and benefits related to their use.
If the Senate were to adopt this bill, all that will remain is its promulgation. Nevertheless, North Carolina bitcoin proponents should expect Governor Roy Cooper to veto it.
And regarding North Carolina, note that the North Carolina House of Representatives recently ruled against CBDC payments. Unanimously, they refuse to serve as a guinea pig for this digital currency so much advocated by Jerome Powell, but decried by Robert F. Kennedy Jr.
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