North Carolina representative Neal Jackson introduced the Digital Asset Freedom Act on April 10, which would recognize qualifying digital assets as valid forms of payment and for tax purposes. Though it doesn't explicitly mention Bitcoin, the bill's criteria suggest that Bitcoin could qualify as a digital asset, including stipulations like a minimum market cap of $750 billion and a daily trading volume exceeding $10 billion, with a market history of at least 10 years. Jackson's proposal aligns with the ongoing efforts among U.S. states to establish digital asset regulations amid inflation concerns and economic instability. In the previous year, North Carolina's lawmakers had already made moves against Central Bank Digital Currencies (CBDCs), emphasizing a preference for decentralized digital assets over government-controlled options. The introduction of this bill reflects a growing interest in leveraging Bitcoin as a potential hedge against inflation, positioning the state alongside others tackling similar issues in their legislative frameworks.

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