SB1114 would have banned the use of a Central Bank Digital Currency (CBDC) in Arizona.
The Senate passed SB1114 on February 28, 2023, by a vote of 16 to 14. We have assigned pluses to the ayes 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.