EddieJayonCrypto

 8 Jul 24

tl;dr

North Carolina Governor Roy Cooper vetoed a bill that aimed to ban the introduction of central bank digital currencies (CBDCs) issued by the US Federal Reserve within the state. He cited the bill's vagueness and urged the legislature to focus on addressing existing cybersecurity threats. The veto ha...

North Carolina Governor Roy Cooper vetoed a bill banning the introduction of central bank digital currencies (CBDCs), citing its vagueness and urged focus on cybersecurity threats.

Crypto stakeholders criticized the veto, expressing concerns about CBDCs as potential tools for government surveillance and economic manipulation.

The governor’s veto might not be final, as the state’s legislature could still override it with a two-thirds majority vote in both chambers.

CBDCs are gaining global traction, with an overwhelming majority of nations and currency unions contemplating their implementation.

Opinions on CBDCs in the US are divided along party lines, with Democrats supporting and Republicans opposing them.

Despite the drama, the Federal Reserve remains skeptical about launching a CBDC, stating that no decision has been made regarding issuing one and any action would require legal authorization.

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