According to Odaily Planet Daily, Louisiana has passed a Bitcoin bill to protect the right to use Bitcoin and curb central bank digital currencies (CBDCs). The legislation, led by Congressman Mark Wright and supported by Senator Jean-Paul Coussan, aims to ensure the continued use of Bitcoin while placing restrictions on CBDCs. The main provisions of HB 488 provide several important protections for Bitcoin holders and miners:
Self-custody rights: The law ensures that individuals can safely hold their own digital assets.
Freedom of Transaction: It guarantees the right to transact using Bitcoin, allowing individuals and businesses to spend and accept Bitcoin without additional legal barriers.
Support for Bitcoin Mining: The law supports Bitcoin mining in industrial zones and is intended to boost Louisiana’s economy by attracting businesses and investment.