{"id":74976,"date":"2023-03-03T13:16:54","date_gmt":"2023-03-03T11:16:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74976"},"modified":"2025-09-10T02:48:13","modified_gmt":"2025-09-09T23:48:13","slug":"in-south-dakota-push-to-veto-a-bill-that-would-exclude-bitcoin-and-altcoins-from-the-definition-of-money","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-south-dakota-push-to-veto-a-bill-that-would-exclude-bitcoin-and-altcoins-from-the-definition-of-money\/","title":{"rendered":"In South Dakota, push to veto a bill that would exclude bitcoin and altcoins from the definition of money"},"content":{"rendered":"<p>The political organization Club for Growth <a href=\\\"https:\/\/www.tbstat.com\/wp\/uploads\/2023\/03\/CFG-Letterhead-Noem-Letter.pdf\\\">urged<\/a> South Dakota Governor Kristi Noem to veto a bill that would exclude \u201cbitcoin and altcoins from the definition of money.\u201d<\/p>\n<p>\\n\\n<\/p>\n<p>The state Senate approved the measure on March 1 and sent it to Noem for signing.<\/p>\n<p>\\n\\n<\/p>\n<p>Club for Growth president David McIntosh described the bill <a href=\\\"https:\/\/sdlegislature.gov\/Session\/Bill\/23995\\\">HB 1193 bill<\/a>, where the term \u201cmoney\u201d is introduced into the state&#8217;s Uniform Commercial Code as an authorised medium of exchange, as an \u201cassault\u201d on liberty and national security.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cAlthough the bill excludes these decentralized assets, it includes as \u2018money\u2019 central-bank digital currencies \u2026 such as the Chinese digital yuan. The law should be vetoed,\u201d McIntosh said in the letter.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Earlier in September 2022, <a href=\"https:\/\/u1f987.com\/en\/news\/biden-administration-steps-up-work-on-the-digital-dollar\">the Biden administration<\/a> stepped up work on a digital dollar for <a href=\"https:\/\/u1f987.com\/en\/news\/us-officials-call-for-launching-a-cbdc-to-compete-with-china\">competition with China<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In December, American banks announced their intention <a href=\"https:\/\/u1f987.com\/en\/news\/us-banks-test-concept-for-a-blockchain-platform-for-the-digital-dollar\">to test<\/a> a blockchain platform for <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The political organization Club for Growth urged South Dakota Governor Kristi Noem to veto a bill that would exclude &#8216;bitcoin and altcoins from the definition of money&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":74977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,26],"class_list":["post-74976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74976"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74976\/revisions"}],"predecessor-version":[{"id":74978,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74976\/revisions\/74978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74977"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}