In a move that could have implications for the future of cryptocurrency regulation, South Dakota's governor has vetoed a bill to exclude digital assets from being defined as money.
Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.she had vetoed House Bill 1193, which proposed amending the state’s Uniform Commercial Code, or UCC, to specifically exclude cryptocurrencies and other digital assets — with the possible exception of central bank digital currencies, or CBDCs.
“By expressly excluding cryptocurrencies as money, it would become more difficult to use cryptocurrency,” said Noem. “HB 1993 opens the door to the risk that the federal government could more easily adopt a CBDC, which then may become the only viable digital currency [...] It would be imprudent to create regulations governing something that does not yet exist.”The bill adopts a definition of “money” to specifically exclude cryptocurrencies.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
The realities of transition regretLast week, Tennessee became the eighth state to enact a ban on so-called 'gender-affirming care' for minors, following in the recent footsteps of Mississippi and South Dakota.
Les mer »
Arkansas Governor Signs Law Relaxing Child Labor ProtectionsThe new law signed by Republican Gov. Sarah Huckabee-Sanders will make it easier for children under 16 to work—and easier for employers to abuse them, critics contend.
Les mer »
Minnesota governor signs executive order protecting gender-affirming health careGov. Tim Walz signed an executive order Wednesday protecting the rights of LGBTQ people from Minnesota and other states to receive gender affirming health care, as he slammed the tide of other states rolling back transgender rights.
Les mer »
California governor won't deliver State of the State speechHe will instead travel the state on a four-day tour to highlight his major policy priorities. Gov. GavinNewsom will send a letter to the legislature in place of the speech.
Les mer »
Arkansas Governor Signs Bill Making It Easier to Violate Child Labor LawsArkansas Gov. Sarah Huckabee Sanders signed a bill into law that would roll back child labor protections in the state as Republicans across the country wage a campaign to make it easier for employers to violate child labor laws.
Les mer »
Arkansas House sends governor trans care malpractice billArkansas lawmakers have sent the Republican governor a bill that would make it easier to sue doctors who provide gender-affirming care to minors
Les mer »