North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto

CN
6天前

The North Carolina General Assembly overrode Governor Roy Cooper’s veto on Monday, prohibiting federal central bank digital currency (CBDC) in the state. The legislation, House Bill 690, blocks the use of central bank digital currency (CBDC) for payments to the state and bars participation in any Federal Reserve testing programs involving CBDCs.

Dan Spuller, head of industry affairs at the Blockchain Association, commented on social media platform X:

North Carolina’s State Senate has officially overridden Governor Roy Cooper’s veto of the widely popular Anti-CBDC Bill (HB690).

“This bill should have never been vetoed,” Spuller added, noting that the governor “blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs.”

The North Carolina Senate voted 27-17 to override the veto, meeting the required three-fifths supermajority, despite previous support for the bill among Democrats who had flipped their stance. North Carolina Senator Brad Overcash told the Carolina Journal: “Once they saw Roy Cooper veto the bill, they fell in line.” He criticized Democrats for following party politics, saying: “The General Assembly, as a legislative body, we ought to be making policy and making good law and not following the political leaders of the Democrat Party.”

Senator Overcash continued:

It’s an opportunity for us to send the signal that North Carolina, the ninth largest state in the union, is not interested in a federal central bank digital currency.

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