The North Carolina state bill may allow tax payments in cryptocurrencies, including the option to use crypto assets for financial transactions. The legislative initiative, named «Digital Asset Freedom Act», was introduced by state representative Neil Jackson.
This is reported by Business • Media
The document, submitted on April 10, 2025, has received support from two co-sponsors and establishes clear requirements for cryptocurrencies that can be used in transactions. These requirements include:
- market capitalization of at least $750 billion;
- daily trading volume of at least $10 billion;
- existence on the open market for at least 10 years;
- proven security, decentralization, and resistance to censorship;
- absence of pre-mining or insider allocations.
“Digital assets are recognized as a legitimate medium of exchange in North Carolina. No transaction may be deemed invalid solely because it is conducted using a digital asset,” states the text of the bill.
It is worth noting that the document does not mention any specific cryptocurrency, including even Bitcoin. This initiative is part of a broader trend in the state, where crypto-friendly bills are being actively promoted against the backdrop of former U.S. President Donald Trump’s policies aimed at developing the digital asset industry.
In particular, other bills have already been registered in North Carolina, such as HB 506 and Senate Bill 709, which propose the creation of an investment fund to allocate up to 5% of pension reserves to cryptocurrencies, as well as HB 92 and Senate Bill 327, which allow the state treasurer to invest in Bitcoin.
Additionally, in New York, a proposal has been made to allow state agencies to accept cryptocurrencies for the payment of fines and taxes.