1. United States
2. N.C.
3. Letter

I am writing to express my absolute opposition to any plan that involves gambling state pension funds on cryptocurrency or related financial instruments. This is not a strategic investment—this is reckless speculation with the hard-earned retirement funds of public employees who expect responsible stewardship, not casino-style risk-taking. Cryptocurrency is one of the most volatile asset classes in existence, prone to extreme price swings, regulatory uncertainty, and outright fraud. We’ve seen massive collapses in the space—FTX, Terra, Celsius—wiping out billions of dollars overnight. The last thing we need is for North Carolina to become the next cautionary tale because a handful of lawmakers decided to chase the latest speculative trend. Even if you’re only considering ETFs or indirect exposure, the core issue remains: crypto is not a stable, reliable, or appropriate investment for something as critical as pension funds. The job of managing these funds is to ensure security, not to chase high-risk, high-volatility assets that could jeopardize retirements. Public employees did not dedicate their careers to this state just to have their futures tied to a market that can be tanked by Elon Musk’s tweets. If you truly care about fiscal responsibility and long-term security, then this proposal should be dead on arrival. I strongly urge you to reject this dangerous plan and instead focus on investments that offer stability and reliability—not speculative gambles.