Governor Roy Cooper Vetoes Bill Banning Federal Reserve-Issued Digital Currency in North Carolina

North Carolina Governor Roy Cooper has vetoed a bill that would prohibit the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC), despite overwhelming support from the state’s House of Representatives and Senate. Cooper faced backlash for what critics labeled a politically driven decision. In a statement on June 5, he described House Bill 690 as “premature, vague, and reactionary,” deeming it unsuitable for enactment at this stage. “Efforts are being made at the federal level to ensure standards and safeguards are in place to protect consumers, investors and businesses [using] digital assets and North Carolina should

Source: CryptoIntelligence