NCGA is the first state legislature seeking to regulate Bitcoin.
HB 289, is a 16 page bill that would regulate Bitcoin processors as 'money transmitters.' It passed the House and is under consideration by the Senate.
Rumor has it the bill's sponsor, Rep Steve Ross (Alamance, R), is acting on behalf of the NC Banking Commission. Rep Ross is a Vice President & Investment Officer at Wells Fargo Advisors.