South Dakota gov vetoes bill excluding crypto from definition of ‘money’

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.

In a March 9 notice to South Dakota House Speaker Hugh Bartels, Noem said she had vetoed House Bill 1193, which proposed amending the state’s Uniform Commercial Code, or UCC, to specifically exclude cryptocurrencies and other digital assets — with the possible exception of central bank digital currencies, or CBDCs. According to the governor, the passage of the bill would put South Dakota residents “at a business disadvantage” and potentially allow for “future overreach” from the federal government in issuing a digital dollar.


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