North Carolina House of Representatives Wants to Spend $50K to Study Benefits of Holding Bitcoin

CryptoPotato
CryptoPotato

29 Jun 2023 3:05 PM

The bill aims to study the benefits of holding Bitcoin as a potential hedge against inflation and much more....

  • The North Carolina House of Representatives has passed House Bill 721, titled "State Precious Metals Depository Study."
  • The bill aims to investigate the benefits of holding Bitcoin and other cryptocurrencies as a hedge against inflation.
  • It focuses on examining the potential impact of securely holding, insuring, and liquidating virtual currency, with a special emphasis on Bitcoin.
  • The legislation received 73 votes in favor, 40 against, and has been referred to the Senate for further consideration.

The sentiment of the article is generally positive as it highlights the passing of the bill in the North Carolina House of Representatives, indicating a potential interest in exploring the benefits of Bitcoin and other cryptocurrencies.

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What is the purpose of House Bill 721?What does the bill aim to investigate regarding Bitcoin and other cryptocurrencies?How many votes did the legislation receive in favor and against?What is the next step for the bill after passing in the House of Representatives?Which state is considering the potential benefits of holding virtual currency?

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