The North Carolina Senate has proposed a Bitcoin reserve bill, allowing up to 10% of public funds to be allocated to Bitcoin

According to Bitcoin Laws, the North Carolina Bitcoin Reserve Bill SB327 authorizes the state treasurer to allocate up to 10% of public funds to Bitcoin. The details are as follows:

· Custody: Multisignature cold storage;

· Reserve proof: Monthly audits;

· Holding: Only allowed to sell under strict conditions during a "severe financial crisis".

North Carolina currently has $9.5 billion in its general fund.