Bank

Satoshi

Planet

<div class="intro-text">
 Pro-bitcoin regulations have been approved in a second U.S. state as Louisiana passes a groundbreaking pro-bitcoin bill to safeguard access to bitcoin and limit Central Bank Digital Currencies. Governor Jeff Landry signed<a style="color: #0000ff;" href="https://www.legis.la.gov/legis/BillInfo.aspx?i=246246" rel="noopener noreferrer nofollow"> House Bill 488</a> into law after it received bipartisan support from both chambers of the State legislature.
</div>
The new law provides several key protections for Bitcoin users, including the right to self-custody digital assets and the freedom to use Bitcoin for transactions without legal obstacles. It also encourages Bitcoin mining in industrial areas of the state.
Representative Mark Wright, a key sponsor of the bill, emphasized the importance of creating a welcoming environment for innovation and investment in the state. He noted that the legislation aims to leverage Louisiana’s energy production capabilities to support the growth of the Bitcoin mining industry in the state.
On the other end, the new law bars the state from accepting payments in CBDCs, with the goal of preserving privacy and resisting government-controlled digital currencies. The lawmakers pointed out potential risks such as dollar depreciation and threats to financial freedom.
Louisiana’s HB 488 is part of a broader national movement led by the Satoshi Action Fund. Similar legislation has been passed in Oklahoma, and other states, such as Georgia, Mississippi, Kentucky, and South Carolina, have introduced comparable measures.
Dennis Porter, CEO of the Satoshi Action Fund, highlighted the significance of these state-level initiatives in demonstrating Bitcoin’s potential to unify Americans across political divides. In his words: “The success of HB 488 highlights the power of states as ‘laboratories of democracy’ and demonstrates Bitcoin’s potential to unify Americans regardless of their political perspectives.”
This legislative move in Louisiana follows a recent proposal in Idaho, where<a style="color: #0000ff;" href="https://defi-planet.com/2024/06/idaho-republicans-pushes-sound-currency-proposal-supporting-bitcoin-rejects-cbdcs/" rel="noopener noreferrer nofollow"> Republicans have pushed for a “Sound Currency” initiative</a> that supports Bitcoin and rejects CBDCs. Notably, the Idaho proposal criticizes the Federal Reserve’s management of the U.S. dollar. It suggests a return to a currency backed by tangible assets, reflecting a broader scepticism towards centralized digital currencies among some political groups.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/06/louisiana-passes-pro-bitcoin-legislation-that-promotes-mining-and-bans-cbdcs/" rel="noopener noreferrer nofollow">Louisiana Passes Pro-Bitcoin Legislation that Promotes Mining and Bans CBDCs</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Louisiana Passes Pro-Bitcoin Legislation that Promotes Mining and Bans CBDCs

DeFi Planet

Weitere Artikel, die am 24. Juni 2024 veröffentlicht wurden

3 Top Cryptocurrencies To Watch This Week: COOKIE, CGPT, & MNTC?

Flare (FLR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

AVAX Investors Grapple with Price Drop

As Fetch AI and Fantom Sputter Out, MoonBag Coin Ignites a Supernova: The New King of Presales Em...

Bitcoin Plunges Below $60K, Ethereum, Dogecoin Follow Down, But...'July Is Historically Bullish,'...

Cryptos To Dominate 2024: BlockDAG Proves Mettle With $53.2M Presale As Attention Shifts From BCH...

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!