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Signed as Law: Utah Excludes CBDC from State Definition of Legal Tender

Signed as Law: Utah Excludes CBDC from State Definition of Legal Tender

by Michael Boldin | Mar 14, 2024 | Federal Reserve, State Bills

SALT LAKE CITY, Utah (March 14, 2024) – On Wednesday, Gov. Spencer Cox signed a bill into law that expressly excludes a central bank digital currency (CBDC) from the state’s definition of legal tender and money, creating potentially significant roadblocks to its use...
Oklahoma House Passes Bill That Would Take Additional Steps to Treat Gold and Silver Like Money

Oklahoma House Passes Bill That Would Take Additional Steps to Treat Gold and Silver Like Money

by Mike Maharrey | Mar 14, 2024 | Federal Reserve, State Bills

OKLAHOMA CITY, Okla. (Mar. 14, 2024) – On Tuesday, the Oklahoma House passed a bill that would clarify and expand the definition of gold and silver as legal tender in the state, and eliminate state capital gains taxes on gold and silver specie. As we’ve seen in...
Oklahoma Committee Passes Bill to Take Additional Steps to Treat Gold and Silver Like Money

Oklahoma Committee Passes Bill to Take Additional Steps to Treat Gold and Silver Like Money

by Michael Boldin | Feb 19, 2024 | Federal Reserve, State Bills

OKLAHOMA CITY, Okla. (Feb. 19, 2024) – Today, an Oklahoma House Committee passed a bill that would eliminate state capital gains taxes on gold and silver specie, and clarify and expand the definition of gold and silver as legal tender in the state. In 2014,...
Utah Committee Passes Bill that Would Exclude CBDC from State Definition of Money

Utah Committee Passes Bill that Would Exclude CBDC from State Definition of Money

by Mike Maharrey | Jan 23, 2024 | Federal Reserve, State Bills

SALT LAKE CITY, Utah (Jan. 23, 2024) – Today, a Utah House committee unanimously passed a bill that would expressly exclude a central bank digital currency (CBDC) from the state’s definition of money, creating potentially significant roadblocks to its use...
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