Signed by the Governor: Tennessee Law Excludes CBDC from Definition of Money and Deposit Account
NASHVILLE, Tenn. (April 12, 2024) – 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),...
Arizona Senate Passes Bill to Exclude CBDC from State Definition of Money
PHOENIX, Ariz. (Feb. 29, 2024) – Today, the Arizona Senate passed a bill that would expressly exclude central bank digital currency (CBDC) from the definition of legal tender and money in the state, creating potentially significant roadblocks to its use as such in...
Utah Committee Passes Bill that Would Exclude CBDC from State Definition of Money
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...