Learn more

North Carolina’s General Assembly has passed a bill banning the state from implementing a United States Federal Reserve-issued central bank digital currency (CBDC), with the Senate overriding a veto by Governor Roy Cooper. The Republican-led Senate delivered a 27-17 vote in favor on Sept. 9, narrowly surpassing the 60% majority needed to override a veto from Cooper — a Democrat — and pass House Bill 690 into law. It comes after North Carolina’s House voted to overturn Cooper’s veto in a 73-41 vote in early August. The bill forbids the state of North Carolina from accepting CBDCs as a form of p…

cuu