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Appropriations committee backs bill to bar state role in central bank digital currencies
Summary
The House Appropriations Committee voted to advance House Bill 264, which would prohibit Wyoming state agencies from accepting or implementing central bank digital currencies; the measure passed the committee 5–1 with one member excused and will move to the floor.
The House Appropriations Committee voted to advance House Bill 264, a measure that would bar Wyoming state agencies from accepting or implementing central bank digital currencies, following a presentation from Vice Chair Representative Singh.
The bill’s proponent framed the legislation as a defense of individual financial sovereignty. "A CBDC is not just another form of digital currency. It is an entirely new financial control system," Representative Singh said, arguing that a central bank digital currency would allow "total financial surveillance" and governmental control over how citizens spend money.
The bill would prohibit…
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