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Now in Effect: Three South Dakota Laws Take Steps Against a Central Bank Digital Currency

Now in Effect: Three South Dakota Laws Take Steps Against a Central Bank Digital Currency

by Mike Maharrey | Jul 1, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (July 1, 2024) – Today, three South Dakota laws go into effect that take steps to reject a central bank digital currency (CBDC). Rep. Mike Stevens and a bipartisan coalition of cosponsors introduced House Bill 1163 (HB1163) and House Bill 1161 (HB1161)....
Signed as Law: South Dakota Takes Another Step Against Central Bank Digital Currency

Signed as Law: South Dakota Takes Another Step Against Central Bank Digital Currency

by Mike Maharrey | Mar 22, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (March 22, 2024) – A bill signed into law by South Dakota Gov. Kristi Noem to revise provisions regarding money transmission in the state would also take another step to reject a central bank digital currency (CBDC). The Committee on Commerce and Energy...
South Dakota Senate  Passes Bill to Exclude CBDC from State Definition of Money

South Dakota Senate Passes Bill to Exclude CBDC from State Definition of Money

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

PIERRE, S.D. (Feb 2, 2024) – On Thursday, the South Dakota Senate Senate 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 such in...
South Dakota Senate Committee Passes Bill to Exclude CBDC from State Definition of Money

South Dakota Senate Committee Passes Bill to Exclude CBDC from State Definition of Money

by Mike Maharrey | Feb 1, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (Feb 1, 2024) – On Tuesday, a South Dakota Senate Senate committee 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 such...
South Dakota Bill Would Exclude CBDC from State Definition of Money

South Dakota Bill Would Exclude CBDC from State Definition of Money

by Mike Maharrey | Jan 11, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (Jan. 11, 2024) – A bill filed in the South Dakota Senate 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 such in South Dakota. At...
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