{"id":37568,"date":"2024-09-11T05:33:35","date_gmt":"2024-09-11T05:33:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/north-carolina-lawmakers-override-governors-veto-to-ban-cbdc\/"},"modified":"2024-09-11T05:33:35","modified_gmt":"2024-09-11T05:33:35","slug":"north-carolina-lawmakers-override-governors-veto-to-ban-cbdc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/north-carolina-lawmakers-override-governors-veto-to-ban-cbdc\/","title":{"rendered":"North Carolina Lawmakers Override Governor\u2019s Veto to Ban CBDC"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In a decisive move, North Carolina\u2019s General Assembly has overridden Governor Roy Cooper\u2019s veto to pass legislation<\/a> banning the use of central bank digital currencies (CBDCs) within the state. House Bill 690 prohibits the use of CBDCs for state payments and prevents the state\u2019s participation in Federal Reserve testing programs for digital currency.<\/p>\n

The North Carolina Senate secured a 27-17 vote, achieving the supermajority needed to override the governor\u2019s veto. This legislation reflects the state\u2019s strong opposition to CBDCs, with lawmakers emphasizing concerns over privacy, personal freedom, and market competition. The bill\u2019s passage is seen as a stand against the federal implementation of a digital currency.<\/p>\n

Dan Spuller, head of industry affairs at the Blockchain Association, expressed support on social media platform X, stating: \u201cThis bill should have never been vetoed.\u201d<\/em> He added that Governor Cooper missed an opportunity to show North Carolina\u2019s unified stance against CBDCs, which Spuller described as \u201cwidely unpopular.\u201d<\/p>\n

Lawmakers Criticize Political Maneuvering<\/h2>\n

Support for the bill among Democrats had wavered, with some flipping their stance after the governor\u2019s veto. North Carolina Senator Brad Overcash voiced frustration over the shift, stating, \u201cOnce they saw Roy Cooper veto the bill, they fell in line.\u201d<\/em> He emphasized that policymaking should not be swayed by party politics, but should instead focus on the best interests of the state.<\/p>\n

Overcash further noted, \u201cThis is an opportunity for us to send a clear message that North Carolina, as the ninth largest state, does not support a federal central bank digital currency.\u201d<\/em><\/p>\n

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With the veto overridden, North Carolina now stands as a state actively opposing the implementation of CBDCs.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In a decisive move, North Carolina\u2019s General Assembly has overridden Governor Roy Cooper\u2019s veto to pass legislation banning the use of central bank digital currencies (CBDCs) within the state. House Bill 690 prohibits the use of CBDCs for state payments and prevents the state\u2019s participation in […]<\/p>\n","protected":false},"author":35,"featured_media":37569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37568"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37568"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37569"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}