North Carolina legislation · 2025-2026 Session
North Carolina S975: State Digital Asset Payments Study Act.
Status: Introduced, May 5, 2026
What the bill says
An act to direct the department of state treasurer to study the acceptance of digital asset payments for certain state fees, to study household remittance costs, and to appropriate funds for the implementation of these studies.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO DIRECT THE DEPARTMENT OF STATE TREASURER TO STUDY THE ACCEPTANCE OF DIGITAL ASSET PAYMENTS FOR CERTAIN STATE FEES, TO STUDY HOUSEHOLD REMITTANCE COSTS, AND TO APPROPRIATE FUNDS FOR THE IMPLEMENTATION OF THESE STUDIES. The General Assembly of North Carolina enacts: SECTION 1. Short Title. - This act shall be known as the State Digital Asset Payments Study Act. SECTION 2. Definition. - In this act, "digital asset" means a fungible, blockchain-based digital representation of value designed for use as a medium of exchange or settlement instrument and capable of being transmitted, stored, or traded electronically. The term does not include non-fungible tokens, digital collectibles, tokenized artwork, or any digital asset primarily marketed or structured as a speculative investment or unique collectible item. The term also does not include a central bank digital currency, as defined in G.S. 147-86.19(a). SECTION 3. Legislative Findings and Purpose. - The General Assembly finds all of the following: (1) The State of North Carolina seeks to modernize government payment systems while minimizing fiscal, cybersecurity, and operational risk. (2) Certain digital assets and blockchain-based payment technologies are supported by mature, regulated payment infrastructure. (3) Evaluating digital asset payment technologies based on objective liquidity, stability, and regulatory criteria is necessary to ensure responsible policymaking. (4) A significant number of …
Sponsors
- Theodros, Caleb (D, 41) · primary sponsor
- Blue, Dan (D, 14) · primary sponsor
- Lowe, Paul A. (D, 32) · primary sponsor
- Chaudhuri, Jay J. (D, 15)
- Smith, Kandie D. (D, 5)
- Waddell, Joyce (D, 40)
Latest actions
- : Re-ref Com On Appropriations/Base Budget
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: COUNCIL OF STATE, BUDGETING, INVESTMENTS, CRYPTOCURRENCY & NFTS, REPORTS, PUBLIC, INFORMATION TECHNOLOGY, STATE TREASURER
Common questions
- What is S975?
- S975 is a bill in the North Carolina Legislature (2025-2026 Session): State Digital Asset Payments Study Act.
- What does S975 do?
- In its own words: An act to direct the department of state treasurer to study the acceptance of digital asset payments for certain state fees, to study household remittance costs, and to appropriate funds for the implementation of these studies.
- What is the status of S975?
- Introduced as of May 5, 2026. Latest action: Re-ref Com On Appropriations/Base Budget (May 5, 2026).
- Who sponsored S975?
- Theodros, Caleb (D, 41), with 5 co-sponsors.
- Where is the official record for S975?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S975
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.