North Carolina’s CBDC ban bill vetoed by governor
Governor Roy Cooper was slammed for not putting “partisan politics aside” to support a law that would benefit all North Carolina residents.
North Carolina Governor Roy Cooper has vetoed a bill banning the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC) despite receiving near-unanimous support in the state’s House of Representatives and Senate.
Cooper, who has faced criticism for making a politically motivated decision, explained in a June 5 statement that House Bill 690 was too “premature, vague, and reactionary” to sign into law.
“Efforts are being made at the federal level to ensure standards and safeguards are in place to protect consumers, investors and businesses [using] digital assets and North Carolina should wait to see how they work before taking action.”
Cooper’s veto followed a lopsided 109–4 vote in the House and a 39–5 vote in the Senate in late June.
Given the near-unanimous votes, North Carolina legislators could easily override Cooper’s veto with a three-fifths majority in both chambers.
Cooper’s decision to veto wasn’t well-received.
Get to know Godleak
Godleak crypto signal is a service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.
It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.
Godleak crypto leak service have multiple advantages in comparision with other services:
- Providing signal of +160 best crypto vip channels in the world
- Using high tech bot to forward signals
- Without even a second of delay
- Joining in +160 separated channels on telegram
- 1 month, 3 months , 6 months and yearly plans
- Also we have trial to test our services before you pay for anything
For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features
Join for Free
☟☟☟☟☟
https://t.me/Godleakbot
Also you can check the list of available vip signal channels in the bot. by pressing Channels button.
“The veto from Governor Cooper was not representative of the desires of North Carolinians,” Blockware Solutions head analyst and North Carolina native Mitchell Askew explained to Cointelegraph.
Askew said it was a shame Cooper was “unwilling to put partisan politics aside” to support a law that would benefit all North Carolina residents.
“He vetoed only because his opponent Mark Robinson is in favor of the bill. It’s clear who the pro-Bitcoin and pro-freedom candidate is here.”
Related: CBDC privacy concerns and ‘lack of purpose’ stall progress: 4 out of 167 live
Similarly, Dan Spuller, head of industry affairs at the Blockchain Association, said Cooper’s veto was an opportunity missed to send a loud and clear message that North Carolina strongly opposes a CBDC.
“[Digital asset] policy must remain in the hands of the American people, ensuring that any development of digital currency reflects our values of privacy, individual sovereignty, and free market competitiveness.”
That said, Federal Reserve Chair Jerome Powell said at a Senate Banking Committee hearing in March that the US was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”