Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears presentation on bill to define central bank digital currency under UCC
2247160 · February 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Senate Bill 133 would add a definition of central bank digital currency (CBDC) to the Uniform Commercial Code and clarify that CBDC is not 'money' under certain UCC provisions; sponsor presented background and risks of CBDC.
Representative Howard Beatty presented Senate Bill 133 to the committee, explaining the bill would amend the Uniform Commercial Code to define a central bank digital currency (CBDC) and to modify UCC definitions of money and deposit account.
Nut graf: The sponsor framed the measure as preemptive statutory clarification to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
