{"id":24521,"date":"2024-07-08T21:00:09","date_gmt":"2024-07-08T18:00:09","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24521"},"modified":"2024-07-08T09:49:58","modified_gmt":"2024-07-08T06:49:58","slug":"north-carolina-governor-roy-cooper-vetoes-cbdc-ban","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/north-carolina-governor-roy-cooper-vetoes-cbdc-ban\/","title":{"rendered":"North Carolina Governor Roy Cooper Vetoes CBDC Ban"},"content":{"rendered":"

Though it has nearly universal support in the House and Senate, North Carolina Governor Roy Cooper<\/strong> has rejected a measure prohibiting the state from using Federal Reserve-issued central bank digital money.<\/p>\n

Cooper<\/strong>, who has been attacked for making a politically driven decision, clarified in a June 5 statement that House Bill 690 was too “premature, vague, and reactionary” to sign into law.<\/p>\n

“Efforts are being made at the federal level to guarantee standards and protections are in place to protect consumers, investors, and businesses [using] digital assets, and North Carolina<\/strong> should wait to see how they operate before acting.\u201d<\/em><\/p>\n

Cooper’s<\/strong> veto came following an overwhelming 109-4 House vote and a 39-5 Senate vote in late June.<\/p>\n

With a three-fifths majority in both chambers, North Carolina lawmakers<\/strong> could readily overcome Cooper’s<\/strong> veto given the near-uniform votes.<\/p>\n

Cooper’s<\/strong> veto was not favorably received.<\/p>\n

This Might Interest You: Labour Party Urged to Make UK a Crypto Hub<\/a><\/em><\/span><\/p>\n

Mitchell Askew, chief analyst from Blockware Solutions and a native North Carolina<\/strong> resident, said to Cointelegraph, “The veto from Governor Cooper<\/strong> was not representative of the desires of North Carolinians.”<\/em><\/p>\n

Askew said it was unfortunate Cooper<\/strong> was “unwilling to put partisan politics aside” to back a measure benefiting every North Carolina<\/strong> resident.<\/p>\n

\u201cHe vetoed only because his opponent Mark Robinson is in favor of the bill. It\u2019s clear who the pro-Bitcoin and pro-freedom candidate is here.\u201d<\/em><\/p>\n

Likewise, head of industry affairs at the Blockchain Association, Dan Spuller, said Cooper’s<\/strong> veto was a chance lost to clearly convey North Carolina’s<\/strong> strong opposition to a CBDC.<\/p>\n

The American people must keep control over digital assets so that any evolution of digital money respects our ideals of privacy, individual sovereignty, and free market competitiveness.<\/p>\n

That said, Federal Reserve Chair Jerome Powell indicated at a March federal Senate Banking Committee hearing that the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”<\/em><\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Though it has nearly universal support in the House and Senate, North Carolina Governor Roy Cooper has rejected a measure prohibiting the state from using Federal Reserve-issued central bank digital money. Cooper, who has been attacked for making a politically driven decision, clarified in a June 5 statement that House Bill 690 was too “premature,<\/p>\n","protected":false},"author":6,"featured_media":24522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7234,7233,7235],"class_list":["post-24521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-north-carolina","tag-north-carolina-governor-roy-cooper","tag-roy-cooper"],"yoast_head":"\nNorth Carolina Governor Roy Cooper Vetoes CBDC Ban - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/north-carolina-governor-roy-cooper-vetoes-cbdc-ban\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Carolina Governor Roy Cooper Vetoes CBDC Ban - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Though it has nearly universal support in the House and Senate, North Carolina Governor Roy Cooper has rejected a measure prohibiting the state from using Federal Reserve-issued central bank digital money. 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