The North Carolina Senate has approved a bill to prohibit the state's participation in the testing of the central bank digital currency (CBDC) backed by the US Federal Reserve. The bill prevents the state from participating in CBDC-related testing and payment processes, overriding Democratic Governor Roy Cooper's veto by a vote of 27-17. Cooper said the bill was hasty and vague, arguing that more robust safeguards at the federal level should be expected.
This legislation follows the CBDC Anti-Surveillance State Act passed by the US House of Representatives, and North Carolina has taken a strong stand against the Fed's CBDC plans. Dan Spuller of the Blockchain Association stated that the Governor should not veto it and should send a clearer message against the FED.
