11-4-2025 – North Carolina’s political landscape has witnessed the emergence of fresh cryptocurrency initiatives, with the Digital Asset Freedom Act taking centre stage in the state’s parliamentary agenda.
The pioneering legislation, designated as H.B. 920 and spearheaded by Representative Neal Jackson alongside two fellow parliamentarians, seeks to revolutionise the state’s approach to digital currencies, potentially reshaping how North Carolinians conduct their financial affairs, including tax settlements.
The bill’s architects have established stringent criteria for qualifying digital assets, mandating an impressive market capitalisation threshold of $750 billion and daily trading volumes exceeding $10 billion. These robust requirements aim to ensure the stability and reliability of accepted cryptocurrencies.
In a testament to the state’s burgeoning interest in digital finance, this latest proposal joins an existing suite of crypto-friendly legislation. Earlier initiatives, namely House Bill 506 and Senate Bill 709, proposed empowering an investment authority to channel up to 5% of pension funds into cryptocurrency investments.
The legislation emphasises the importance of decentralisation, explicitly requiring eligible digital assets to demonstrate a decade-long history of resilient market operation, whilst maintaining resistance to censorship and proving their security credentials. Notably, the bill steers clear of endorsing specific cryptocurrencies, including the widely-recognised Bitcoin.
To safeguard against potential manipulation, the Act stipulates that qualifying digital assets must have emerged through fair launches, explicitly prohibiting pre-mining practices and insider allocations. The legislation further mandates independence from centralised control or governance by small groups of insiders.
This legislative push comes amidst a broader wave of crypto-friendly initiatives in North Carolina, with House Bill 92 and Senate Bill 327 separately proposing to grant the State Treasurer authority to invest in Bitcoin. The surge in cryptocurrency-related legislation reflects the state’s growing alignment with President Trump’s pro-cryptocurrency stance.
The Act’s fundamental declaration that “digital assets are recognised as a valid medium of exchange in North Carolina” signals a potentially transformative shift in the state’s economic landscape, ensuring that transactions cannot be invalidated solely due to their digital nature.
