North Dakota Considers Adding Crypto to State Treasury, Will It Be Bitcoin?

North Dakota has joined the growing list of US states exploring cryptocurrency as part of their financial strategy, following the Bitcoin recommendations of another state. Lawmakers recently introduced a resolution aimed at including digital assets and precious metals in the state treasury to protect against inflation and economic uncertainty.

A proposal to diversify state investments

On January 7, North Dakota legislators introduced House Concurrent Resolution (HCR) 3001. The resolution recommends that the State Treasurer and Board of Investment invest in digital assets and precious metals to fund major funds. to protect, including the foundation fund of the state's general fund budget, and legacy fund. .

This step is seen as a way to strengthen the financial future of the state and mitigate the risks of inflation.

However, the proposal, supported by six Representatives and two Senators, aims to create a more diversified and stronger finance. Although the resolution does not require immediate action, it reflects a growing interest among lawmakers in using innovative financial tools.

Publisher and wider trends

To ensure transparency, the resolution requests that copies be sent to the State Treasurer and Board of Investment members. Interestingly, the proposal does not mention Bitcoin directly, following a trend where state legislation uses “technologically neutral” language.

For example, in New Hampshire, a bill introduced on January 9 advocates digital asset investments, specifically allowing only cryptocurrencies with a market cap higher than $500 billion. This benchmark effectively makes Bitcoin the leading candidate.

Other States Accept Crypto Too

North Dakota is not alone in this initiative. Recently states like Pennsylvania, Texas, Alabama, and Florida have investigated the creation of strategic Bitcoin reserves. These efforts reflect the growing acceptance of Bitcoin's potential as a hedge against inflation and a store of value.

With the support of organizations such as the Satoshi Action Fund, states are exploring digital assets to increase financial stability.

If North Dakota moves forward with this proposal, it could set an example for other states, showing how digital assets can play a role in strengthening public finances while simultaneously ' deal with economic challenges.