The North Carolina House of Representatives passed a bill that would ban state agencies from accepting payments in central bank digital currencies.
lawmakers passed it Bill 118-0 on Wednesday.
The bill would include “any institution, bureau, board, commission, officer or political subdivision of the State”.
Republican lawmakers Harry Warren and Mark Brody co-sponsored the bill.
The move comes after other Republican lawmakers strongly opposed the CBDC.
A Format The North Carolina bill from April was originally titled “An Act to Prohibit Payments in Cryptocurrency to the State,” but has since been changed to hone in on a CBDC.
Republicans fight CBDC
Republican Governor Ron DeSantis Introduced a “First-in-the-Nation Proposal” to Restrict CBDC Use Back in March,
DeSantis is a potential presidential candidate who is against CBDCs, but appears to be in support of decentralized crypto.
DeSantis said in March that “a federally controlled central bank digital currency is the most recent way the Davos elite have attempted to infuse environmental, social and governance (ESG) ideology into the United States’ financial system, allowing individual Privacy and economic freedom are at risk.”
“Unlike a decentralized digital currency, a CBDC is controlled and issued directly by the government to consumers, giving government bureaucrats the ability to observe all consumer activity and the power to cut off access to goods and services for consumers, ” They said.
DeSantis’ bill aims to “protect Floridians from the Biden administration’s weaponization of the financial sector through central bank digital currency,” according to his office.
The governor’s office said the new bill would prohibit the use of federally issued CBDCs, or any other country’s CBDC, within Florida’s Uniform Commercial Code.
Biden administration outlines goals to explore potential behind US CBDC Last year,
By March, Nellie Liang, the US Treasury Department’s undersecretary for domestic finance, said the country was “actively analysis of Is CBDC needed?
Liang said Treasury is leading an interagency CBDC working group and working with the Federal Reserve.