From ACT For America <[email protected]>
Subject Thwart Central Bank Currency!
Date March 21, 2023 7:31 AM
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States on the Frontlines!

[ACT For America]
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Dear John,

LAST WEEK GOVERNOR KRISTI NOEM VETOED A DANGEROUS BILL AND ALERTED THE
NATION that 20 or more states are floating similar bills to amend the
Uniform Commercial Code to unfairly restrict the use of
cryptocurrency, like Bitcoin, while also allowing for adoption of a
government controlled Central Bank Digital Currency. You can find
Governor Noem’s VETO letter HERE
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“HB 1193 adopts a definition of ‘money’ to specifically exclude
cryptocurrencies like Bitcoin, as well as other digital assets. At the
same time, these UCC revisions include Central Bank Digital Currencies
as money,” wrote Governor Noem in her VETO letter. “By expressly
excluding cryptocurrencies as money, it would become more difficult to
use cryptocurrency. By needlessly limiting this freedom, HB 1193 would
put South Dakota citizens at a business disadvantage.”

Governor Noem has consistently advanced an “Open for Business”
approach to the economy, emphasizing individual Freedom and personal
responsibility. This extends to the ways in which individuals choose
to make transactions in a free-market economy.

“BY DEFINING ‘MONEY’ IN THIS PROPOSED WAY, HB 1193 OPENS THE
DOOR TO THE RISK THAT THE FEDERAL GOVERNMENT COULD EASILY ADOPT A
CENTRAL BANK DIGITAL CURRENCY, WHICH THEN MAY BECOME THE ONLY VIABLE
DIGITAL CURRENCY,” continued GOVERNOR NOEM. “At this moment in
time, such a government-backed electronic currency has not been
created. It would be imprudent to create regulations governing
something that does not yet exist. More importantly, South Dakota
should not open the door to a potential future overreach by the
federal government.”

TEXAS IS LEADING THE WAY WITH SCR25 ‘EXPRESSING OPPOSITION TO THE
CREATION OF A CENTRAL BANK DIGITAL CURRENCY’.

HELP PREVENT AND DISCOURAGE THE FEDERAL GOVERNMENT from attempting to
adopt a Central Bank Digital Currency through states, which could lead
to serious infringements on freedom and privacy.  

CALL ON LAWMAKERS IN ALL 50 STATES TO INTRODUCE AND PASS LEGISLATION
THAT EXPRESSLY PROHIBITS THE CREATION OF A CENTRAL BANK DIGITAL
CURRENCY!

[Stop Fed Central Bank Digital Currency!]
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