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HB 920

North Carolina - Session 2025

House in_committee 2025-04-14
Bill Details

Title: NC Digital Asset Freedom Act.

Summary

Enacts GS Chapter 66, Article 52 (North Carolina Digital Asset Freedom Act), and presents the General Assembly’s findings that digital assets are useful mediums for economic exchange and transactions. Provides for the scope of the Article in GS 66-513, including the characteristics of the digital currency that qualify under the Article. Requires a decentralized digital currency with market longevity of at least 10 years, market capitalization of at least $750,000,000,000, daily volume of $10,000,000,000, commodity status from the federal SEC, proof-of-work mechanism for security, and a predictable and non-inflationary supply. Recognizes digital currency falling under the scope of the Article as a valid medium of exchange in North Carolina in GS 66-514. Provides privacy and security protections for transactions in digital currency in GS 66-515. Allows in GS 66-516 for payment of taxes in digital currency as allowed under GS 105-241.

Sponsor
Brian Biggs
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-04-10 Introduced Bill introduced
2025-04-14 Status in_committee
2025-04-14 Latest Action Ref to the Com on Commerce and Economic Development, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
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