Internet reports that the North Carolina House of Representatives has passed a bill that would allow the state's treasury secretary to invest public funds in approved cryptocurrencies, and the bill will now go to the Senate for consideration. The House passed the Digital Asset Investment Act (House Bill 92) by a vote of 71 to 44 on April 30. Republican House Speaker Destin Hall introduced the bill in February that would allow the Treasury secretary to allocate 5 percent of the state's investments to designated digital assets. Investments can only be made after an independent third-party evaluation has been obtained that confirms that cryptocurrency holdings are maintained through a secure custody solution and meet risk oversight and regulatory compliance standards. The new amendment allows finance chiefs to study the feasibility of allowing members of retirement and deferred compensation plans to choose to invest in digital assets held as exchange-traded products (ETP).