North Carolina 2025 Session Status: In Committee 6 D cosponsors

SB 975 — State Digital Asset Payments Study Act.

Last action — Withdrawn From Com

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced April 30, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 6 sponsors

    2 primary, 4 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (6 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

17 added · 18 removed

Plain-language change summary

The recent changes in Senate Bill 975 include the addition of specific language regarding the acceptance of digital asset payments for state fees, along with a study on household remittance. This clarifies the bill's focus on ensuring that digital assets are evaluated not just as investments but also in terms of their function for everyday transactions. These amendments matter because they aim to enhance economic activity by facilitating the use of digital assets in state operations, which could benefit local spending and savings.

→
Previous
Latest
FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Apr 30, 2026 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 975 Short Title:
975 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS35411-MUa-103 Short Title:
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.
Rules and Operations of the Senate May 4, 2026 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 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 does not include non-fungible tokens, digital collectibles, tokenized artwork, or any digital asset primarilymarketed or structured as a speculative investment or unique collectible item.
(7) The cumulative impact of remittance fees represents a meaningful outflow of household income from North Carolina communities, reducing disposable incomeavailable forlocal spending, savings,and economicactivitywithinthe State.
(7) The cumulative impact of remittance fees represents a meaningful outflow of household income from North Carolina communities, reducing disposable incomeavailable forlocal spending,savings, and economicactivitywithinthe State.
*DRS35411-MUa-103* General Assembly Of North Carolina Session 2025 The purpose of this act is to establish a two-part statewide study:
*S975-v-1* General Assembly Of North Carolina Session 2025 The purpose of this act is to establish a two-part statewide study:
(i) a study of the acceptanceofdigitalassetpaymentsforcertainStatefees and(ii)astudyofhouseholdremittance costsandinternationalpaymentmechanismsthatmayreducetransactioncostsforNorthCarolina residents, while maintaining appropriate consumer protections, financial stability, and regulatory compliance.
(i) a study of the acceptanceofdigital assetpaymentsforcertainStatefeesand(ii)astudyofhouseholdremittance costsandinternationalpaymentmechanismsthatmayreducetransactioncostsforNorthCarolina residents, while maintaining appropriate consumer protections, financial stability, and regulatory compliance.
– The study required by this section includes, at a minimum, evaluation of the following:
– The studyrequired bythis section includes, at a minimum, evaluation of the following:
(5) Criteria for determining which digital assets may be appropriate for potential acceptance, including objectivemeasures ofliquidity, stability, and regulatory status.
(5) Criteria for determining which digital assets may be appropriate for potential acceptance, includingobjectivemeasures ofliquidity,stability, andregulatory status.
In evaluating digital assets, the Department shall prioritize assets designed for payment functionality and price stability and shall not evaluate digital collectibles or non-fungible tokens.
In evaluating digital assets, the Department shall prioritize assets designed for payment functionalityand price stabilityand shall not evaluate digital collectibles or non-fungible tokens.
– The Department of State Treasurer shall submit a written report to the Joint Legislative Oversight Committee on General Government and the Fiscal Page 2 DRS35411-MUa-103 General Assembly Of North Carolina Session 2025 Research Division no later than January 15, 2027, summarizing findings and providing recommendations regarding whether and under what conditions the State should consider accepting digital assets for certain State fees.
– The Department of State Treasurer shall submit a written report to the Joint Legislative Oversight Committee on General Government and the Fiscal Page 2 Senate Bill 975-First Edition General Assembly Of North Carolina Session 2025 Research Division no later than January 15, 2027, summarizing findings and providing recommendations regarding whether and under what conditions the State should consider accepting digital assets for certain State fees.
– The study required by this section includes, at a minimum, evaluation of the following:
– The studyrequired bythis section includes, at a minimum, evaluation of the following:
– The Department of State Treasurer shall submit a written report to the Joint Legislative Oversight Committee on General Government and the Fiscal Research Division summarizing thefindings of this study andproviding policyrecommendations regarding potential mechanisms to reduce household remittance costs for North Carolina residents, consistent with consumer protection, financial stability, and regulatory compliance.
– The Department of State Treasurer shall submit a written report to the Joint Legislative Oversight Committee on General Government and the Fiscal Research Division summarizingthefindings ofthis studyand providingpolicyrecommendations regarding potential mechanisms to reduce household remittance costs for North Carolina residents, consistent with consumer protection, financial stability, and regulatory compliance.
DRS35411-MUa-103 Page 3
Senate Bill 975-First Edition Page 3
⬇ Download PDF
View plain text versions (2)

Action History

  1. Withdrawn From Com

  2. Re-ref Com On Appropriations/Base Budget

  3. Passed 1st Reading

  4. Ref To Com On Rules and Operations of the Senate

  5. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

2 sponsors · 4 co-sponsors · 173 not signed on

Sponsors (2)

Co-sponsors (4)

Not signed on (173)

173 members have not signed on to this bill.

Show all 173 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 975?
SB 975 is sponsored by Joyce Waddell (Democratic), Jay J. Chaudhuri (Democratic), Paul A. Lowe, Jr. (Democratic), Dan Blue (Democratic), Caleb Theodros (Democratic), and Kandie D. Smith (Democratic).
What is the current status of SB 975?
This bill is in committee in the Senate. Introduced April 30, 2026. It must pass committee before a floor vote.
Where can I track SB 975?
Track SB 975 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 975

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 975

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →