(The Center Square) – Called “crypto-friendly legislation” by the leader of the chamber, a proposal on digital assets on Wednesday afternoon passed the North Carolina House of Representatives.

Passage was 71-44 mostly along party lines.

The NC Digital Assets Investments Act, known also as House Bill 92, has investment requirements, caps and management, and clear definitions and standards aimed at making sure only qualified digital assets are included. House Speaker Destin Hall, R-Caldwell, said the state would potentially join more than a dozen others with “crypto-friendly legislation.”

With him in sponsorship are Reps. Stephen Ross, R-Alamance, Mark Brody, R-Union, and Mike Schietzelt, R-Wake.

Nationally last year, the Financial Innovation and Technology for the 21st Century Act – known as FIT21 – passed through the U.S. House in May and in September was parked in the Senate’s Committee on Banking, Housing and Urban Affairs.

Dan Spuller, cochairman of the North Carolina Blockchain Initiative, said the state has proven a leader on digital asset policy. That includes the Money Transmitters Act of 2016, the North Carolina Regulatory Sandbox Act of 2021, and last year’s No Centrl Bank Digital Currency Pmts to State. The latter was strongly opposed by Gov. Roy Cooper, so much so that passage votes of 109-4 in the House and 39-5 in the Senate slipped back to override votes, respectively, of 73-41 and 27-17.

(The Center Square) – Hurricane Helene recovery in North Carolina is being impacted by a federal agency with seven consecutive failed audits and the elimination of hundreds of its workers in the state.

Democratic Attorney General Jeff Jackson joined a lawsuit on behalf of the state with 23 other states and the District of Columbia against AmeriCorps, known also as the Corporation for National and Community Service. The state’s top prosecutor says eight of 19 AmeriCorps programs and 202 jobs are being lost in the state by the cuts to the federal program.

The litigation says responsibility lies with the Department of Government Efficiency established by President Donald Trump.

“These funds – which Congress already appropriated for North Carolina – are creating jobs, cleaning up storm damage, and helping families rebuild,” Jackson said. “AmeriCorps must follow the law so that people in western North Carolina can confidently move forward.”

Jackson, in a release, said 50 of the 750 volunteers terminated on April 15 were in North Carolina. Three programs with 84 people employed were impacted on Friday when AmeriCorps cut federal funds to grant programs that run through the North Carolina Commission on Volunteerism and Community Service.

Project MARS was helping in 18 western counties, providing supplies and meals to homebound and stranded families. Clothing, crisis hotlines and school supports were also aided. Project Conserve was in 25 western counties helping with debris removal, tree replanting, storm-system repairs and rain-barrel distribution. Project POWER helped large-scale food donations for more than 10,000 people in the hard-hit counties of Buncombe, Henderson and Madison.

The White House has defended its accountability actions and did so on this move. AmeriCorps has a budget of about $1 billion.

Helene killed 107 in North Carolina and caused an estimated $60 billion damage.

The storm made landfall as a Category 4 hurricane in Dekle Beach, Fla., on Sept. 26. It dissipated over the mountains of the state and Tennessee, dropping more than 30 inches in some places and over 24 consistently across more.

U.S. Rep. Virginia Foxx, R-N.C., said last year AmeriCorps has a legacy of “incompetence and total disregard for taxpayer money.” She was chairwoman of the House Committee on Education and Workforce, which requested the report showing repeated failed audits and financial management troubles.

“AmeriCorps,” Foxx said, “receives an astounding $1 billion in taxpayer funds every year but hasn’t received a clean audit for the past seven years. As instances of fraud continue, the agency has proven time and time again incapable of reforming itself and should never be given another opportunity to abuse taxpayer dollars.”