Several States Take Steps To Block A Central Bank Digital Currency
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Now in Effect: Utah Law Excludes CBDC from State Definition of Legal Tender
The new law specifies that “a central bank digital currency is not specie legal tender and is not legal tender in the state,” effectively excluding CBDC from the state’s definition of money under the Utah Specie Legal Tender Act.
Source: tenthamendmentcenter.com
Signed by the Governor: Tennessee Law Excludes CBDC from Definition of Money and Deposit Account
Governor Bill Lee signed a bill into law that expressly excludes a central bank digital currency (CBDC) from the definition of money and a "deposit account" under the Uniform Commercial Code (UCC), creating potentially significant roadblocks to its use as such in the Volunteer State.
Source: tenthamendmentcenter.com
To the Governor: Tennessee Bill to Exclude CBDC From the Definition of Money
The Tennessee House gave final approval to a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money and a "deposit account" under the Uniform Commercial Code (UCC), creating potentially significant roadblocks to its use as such in the Volunteer State
Source: tenthamendmentcenter.com
Missouri Senate Committee Passes Bill to Take Steps Against a CBDC
Yesterday, a Missouri Senate committee passed a bill to limit the impact of a central bank digital currency (CBDC), removing it from the definition of money in the state UCC, and banning the state from participating in any test program or accepting it as payment.
Source: tenthamendmentcenter.com