Tennessee Senate proposes bill to exclude CBDCs from state’s definition of money
A Tennessee Senator has introduced a new bill that seeks to decouple CBDCs from the state’s definition of money. Tennessee’s Senate introduced a new bill authored by Senator Frank Niceley that proposes to redefine the term “ money ” within the state ’s Uniform Commercial Code (UCC). The idea is to explicitly exclude central bank digital currencies (CBDCs) from the state’ s definition of money . JUST IN: A bill was filed in the Tennessee Senate to expressly exclude CBDC from the definition of money in the state. pic.twitter.com/2VzdQjFDuz — Bitcoin Magazine (@BitcoinMagazine) January 16, 2024 This move aligns with similar legislative actions in Indiana and Florida, indicating a growing trend among states to scrutinize the role of government-issued digital currencies in their economies. Governor of Florida, Ron DeSantis, has expressed reservations about CBDCs, focusing on concerns about individual privacy and governmental overreach. You ...