Governor Kristi Noem Vetoes Central Bank Digital Currency Bill.
13 Apr 2023, 08:00
Governor Kristi Noem Vetoes Central Bank Digital Currency Bill
Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum.
Kristi Noem Shoves the Bill AsideIn a recent statement, Noem commented:
At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the federal government.