Posted on 03/11/2023 2:37:48 PM PST by Twotone
South Dakota Republican Gov. Kristi Noem vetoed legislation that would have identified central bank digital currency as money with cryptocurrency being excluded.
“At this moment in time, such a government-backed electronic currency has not yet been created,” Noem explained to lawmakers. “More importantly, South Dakota should not open the door to a potential future overreach by the federal government.”
House Bill 1193 would have defined money as a “medium of exchange that is currently authorized or adopted by a domestic or foreign government.”
The bill was passed 49-17 in the South Dakota House of Representatives and 24-9 in the Senate before being vetoed by the governor.
Another reason Noem gave for vetoing the legislation was that it "needlessly" cut back freedoms and put citizens at a “business disadvantage” by discouraging development in the nascent digital money sector.
Considering how heavily Republican her state is, I suspect that this bill was passed just to have her veto it, so she looks good to the base as she and 7 others scramble for the 10% of the Republican Primary votes that don’t go to Trump.
“Well...she does look good.”
Never thought that!!! Well then, why should we worry that she answers to the Uniparty?
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