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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...
Signed by the Governor: Two South Dakota Laws Take Steps Against a Central Bank Digital Currency

Signed by the Governor: Two South Dakota Laws Take Steps Against a Central Bank Digital Currency

by Mike Maharrey | Feb 28, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (Feb 28, 2024) – Yesterday, South Dakota Gov. Kristi Noem signed two bills into law to reject a central bank digital currency (CBDC), removing it from the definition of money in the state and banning the state from accepting it as payment. Rep. Mike...
To the Governor: South Dakota Passes Two Bills to Take Steps Against a Central Bank Digital Currency

To the Governor: South Dakota Passes Two Bills to Take Steps Against a Central Bank Digital Currency

by Mike Maharrey | Feb 21, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (Feb 21, 2024) – Today, the South Dakota Senate gave final approval to the second of two bills to reject a central bank digital currency (CBDC), removing it from the definition of money in the state and banning the state from accepting it as payment. Rep....
South Dakota House Passes Two Bills to Take Steps Against a Central Bank Digital Currency (CBDC)

South Dakota House Passes Two Bills to Take Steps Against a Central Bank Digital Currency (CBDC)

by Mike Maharrey | Feb 6, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (Feb 6, 2024) – Yesterday, the South Dakota House passed two bills to reject a central bank digital currency (CBDC), removing it from the definition of money in the state and banning the state from accepting it as payment. Rep. Mike Stevens and a...
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...
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