North Carolina bans CBDC after the Senate overrides Governor’s veto, marking a state-level stand.
12 Democratic senators reversed their stance, but the bill still passed with a narrow majority.
Federal Reserve research on CBDCs continues, but adoption remains distant without congressional approval.
The North Carolina General Assembly has passed a bill restricting the state’s adoption of the United States Federal Reserve-issued central bank digital currency (CBDC). This came after the state Senate successfully overruled Governor Roy Cooper’s veto.
Close Vote in the Senate Finalizes the Bill
On September 9, the Republican-led North Carolina Senate secured the 60% majority required to overturn Governor Cooper’s veto with a 27–17 vote in favor of House Bill 690. The bill had already passed in the House of Representatives with a 73–41 vote in early August, officially becoming law with the Senate’s decision.
Additionally, 12 Democratic senators who had earlier supported the bill changed their stance, aligning with the Governor’s veto, but the bill still passed.
Governor Cooper, a Democrat, vetoed House Bill 690 in July, raising concerns that it was…
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