Louisiana Embraces Crypto With New Pro-Crypto Bill As It Bans CBDCs
The State of Louisiana has formulated pro-crypto legislation seeking to ban central bank digital currencies (CBDCs) while supporting Bitcoin mining. This new legislation, dubbed the Blockchain Basics Act, will be enacted in August 2024. It offers clear definitions of node operators while supporting Bitcoin mining activities. MASSIVE BREAKING: Bill to defend ‘#Bitcoin Rights’ and ban CBDCs passes into law. 🚨Satoshi Action Passes 4th law to defend #Bitcoin Rights in the USA.🚨 Louisiana joins Oklahoma, Montana, & Arkansas in setting pro-#Bitcoin policy blue print for the nation. 🇺🇸 pic.twitter.com/8NGaMtcW1U — Dennis Porter (@Dennis_Porter_) June 24, 2024 The act further protects the right to self-custody, ensuring individuals can hold digital assets. It also seeks to ensure that individuals and businesses can accept and spend Bitcoin legally. Representative Mark Wright, who sponsored the legislation, noted that it will ...