Louisiana passed a bill that protects the BTC holders’ rights. Moreover, House Bill 488 Jeff Landry, the governor of Louisiana, signed a law that bans central bank digital currency creation.
The bill had received prior bipartisan support in both the House of Representatives and Senate. It is led both by Louisiana state representative Mark Wright, and senator Jean-Paul Coussan. Along with its protection of BTC rights, it also integrates restrictions on the creation of federal-government-created digital assets.
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Louisiana signs pro-Bitcoin bill that threatens CBDC
Bitcoin has taken the lead in all discussions regarding the financial industry so far this year. The first ETF based on crypto was approved in the United States in January. Eleven products were launched. It reached a record high price in March of $73,000. Ethereum was approved for an ETF similar to this one a couple months later.
Louisiana now has a new bill that will protect Bitcoin and prohibit a CBDC from operating in the state. This bill protects its citizens in several ways. It includes the right of self-custody. own Cryptocurrency security. It also ensures that Louisiana residents can accept and spend the digital currency as money without any obstacles.
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Bitcoin mining will also be protected under the legislation. Donald Trump BTC mining has recently been incorporated into his recent presidential campaign. His stated goal was to make all Bitcoin in the US. Many lawmakers are hopeful that this aspect of the bill will attract new business and investment to the digital assets sector.
Bitcoin dropped to $61,000 at the start of this week. It has dropped more than 4 percent in the past day, according to CoinMarketCap. This continues the 30-day price decline.
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Source: watcher.guru