Noem vetoes banking regulation bill - STOP CBDC!!!
(www.dakotanewsnow.com)
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I like Governor Noem. South Dakota in my opinion is one of the few States with good leadership. The other extreme is California and New York.
"HB 1193 is 113 pages long, and if it became law it would affect the banking transactions you make every day.
But the push to get that bill into law stalled on the last step, as a result of a veto by Governor Kristi Noem announced Friday."
“By defining ‘money’ in this proposed way, HB 1193 opens the door to the risk that the federal government could easily adopt a Central Bank Digital Currency, which then may become the only viable digital currency,”
"If the legislature decides to override Noem’s veto, it would make South Dakota the first state to pass the update to the Uniform Commercial Code (UCC). The UCC is legislation that is intended to be passed by all 50 states, so that standard practices regarding banking and money can by in sync across the country."
"This bill adopts a definition of ‘money’ to specifically exclude crypto like Bitcoin. And it opens the door to the risk that the federal government could adopt a Central Bank Digital Currency."