North Carolina legislators have approved a bill that prevents the U.S. state from accepting central bank digital currencies (CBDC) as a form of payment or participating in any related tests conducted by any branch of the Federal Reserve.
According to the roll call transcript for the voting session, the North Carolina General Assembly passed the bill by a 27-17 vote on September 9. The positive votes surpassed the 60% benchmark needed to override the state’s Governor Roy Cooper’s veto against the bill.
North Carolina Stands Against CBDCs
In June, the General Assembly passed House Bill 690 prohibiting the federal government from getting involved with CBDCs with a solid bipartisan vote. The House of Representatives approved the bill by 109-4, while the Senate did the same with 39-5.
The bill was then sent to the governor, a member of the Democratic party who vetoed it because it was “premature, vague, and reactionary.”
About a month later, the House of Representatives unveiled a p
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