According to PANews, the Missouri Senate proposed SB 194 on December 1, proposing to ban central bank digital currency (CBDC) as legal tender in the state and amend the definition of "currency" in the (Uniform Commercial Code).
The bill requires the state treasurer to hold a gold and silver reserve equal to at least 1% of the state's total funds and reduces the tax liability on gold and silver, exempting them from some state income taxes.
Additionally, the bill prohibits public entities from participating in CBDC testing or pilot projects by the Federal Reserve or other federal agencies, reflecting concerns about financial privacy and state sovereignty.