thehmiguy on Nostr: The North Carolina House of Representatives has passed a bill that aims to ban ...

The North Carolina House of Representatives has passed a bill that aims to ban government entities from accepting payments in central bank digital currencies (CBDCs). The bill was passed unanimously and is backed by several Republican state representatives. Opposition to CBDCs has grown recently, with critics like presidential candidate Robert Kennedy Jr. and Florida Governor Ron DeSantis expressing concerns about state-wide surveillance and control. However, proponents argue that such legislation could inadvertently hinder innovation in digital assets like bitcoin. The Bitcoin Policy Institute warned that anti-CBDC legislation could unintentionally impede the growth of the bitcoin ecosystem. The bill now faces a state Senate vote and, if passed, will be sent to Governor Roy Cooper for approval or veto.