The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency ( CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes privacy, individual sovereignty, and market competitiveness.
North Carolina Rejects Federal Digital Currency, Overrides Governor's Veto
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North Carolina Bans Federal Digital Currency Despite Governor’s Veto
The North Carolina General Assembly overrode Governor Roy Cooper’s veto on Monday, prohibiting federal central bank digital currency ( CBDC) in the state. The legislation, House Bill 690, blocks the use of central bank digital currency ( CBDC) for payments to the state and bars participation in any Federal Reserve testing programs involving CBDCs.
Dan Spuller, head of industry affairs at the Blockchain Association, commented on social media platform X:
North Carolina’s State Senate has officially overridden Governor Roy Cooper’s veto of the widely popular Anti- CBDC Bill (HB690).
“This bill should have never been vetoed,” Spuller added, noting that the governor “blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs.”
The North Carolina Senate voted 27-17 to override the veto, meeting the required three-fifths supermajority, despite previous support for the bill among Democrats who had flipped their stance. North Carolina Senator Brad Overcash told the Carolina Journal: “Once they saw Roy Cooper veto the bill, they fell in line.” He criticized Democrats for following party politics, saying: “The General Assembly, as a legislative body, we ought to be making policy and making good law and not following the political leaders of the Democrat Party.”
Senator Overcash continued:
It’s an opportunity for us to send the signal that North Carolina, the ninth largest state in the union, is not interested in a federal central bank digital currency.
What do you think about North Carolina’s decision to ban federal digital currency? Let us know in the comments section below.
