SB330 bans state government agencies from accepting a payment using a Central Bank Digital Currency, and from participating in any test of this type of currency by the Federal Reserve.
The House passed SB330 on June 6, 2023, by a vote of 103 to 0. We have assigned pluses to the yeas because a Central Bank Digital Currency (CBDC) would be an unconstitutional and intolerable expansion of tyranny under the Federal Reserve—presenting a significant danger to Americans’ civil liberties. According to Article 1, Section 10, of the U.S. Constitution, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States can and must act now to avow their adherence to constitutionally sound money.