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โ€œThe powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.โ€

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Signed by the Governor: Tennessee Law Excludes CBDC from Definition of Money and Deposit Account

Signed by the Governor: Tennessee Law Excludes CBDC from Definition of Money and Deposit Account

by Mike Maharrey | Apr 12, 2024 | Federal Reserve, State Bills

NASHVILLE, Tenn. (April 12, 2024) โ€“ Yesterday, Tennessee Governor Bill Lee signed a bill into law that expressly excludes a central bank digital currency (CBDC) from the definition of money and a “deposit account” under the Uniform Commercial Code (UCC),...
To the Governor: Tennessee Bill to Exclude CBDC From the Definition of Money

To the Governor: Tennessee Bill to Exclude CBDC From the Definition of Money

by Mike Maharrey | Apr 2, 2024 | Federal Reserve, State Bills

NASHVILLE, Tenn. (April 2, 2024) โ€“ Yesterday, the Tennessee House gave final approval to a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money and a “deposit account” under the Uniform Commercial Code...
Missouri Senate Committee Passes Bill to Take Steps Against a CBDC

Missouri Senate Committee Passes Bill to Take Steps Against a CBDC

by Michael Boldin | Mar 27, 2024 | Federal Reserve, State Bills

JEFFERSON CITY, Mo. (March 27, 2024) – Yesterday, a Missouri Senate committee passed a bill to limit the impact of a central bank digital currency (CBDC), removing it from the definition of money in the state UCC, and banning the state from participating in any...
To the Governor: Georgia Bill Would Take Step Against a Potential CBDC

To the Governor: Georgia Bill Would Take Step Against a Potential CBDC

by Mike Maharrey | Mar 26, 2024 | Federal Reserve, State Bills

ATLANTA,ย Ga. (Mar. 26, 2024) โ€“ Last week, the Georgia Senate gave final approval to a bill that would take a small step toward limiting the impact of any potential future central bank digital currency (CBDC) in the state. Rep. Carter Barrett and five cosponsors...
Tennessee Senate Passes Bill to Exclude CBDC From the Definition of Money

Tennessee Senate Passes Bill to Exclude CBDC From the Definition of Money

by Mike Maharrey | Mar 25, 2024 | Federal Reserve, State Bills

NASHVILLE, Tenn. (March 25, 2024) – Today, the Tennessee Senate unanimously passed a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money in the state, creating potentially significant roadblocks to its use as...
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