SB64 would change Kentucky’s definition of “money” to include “electronic money,” as provided by the Uniform Commercial Code.
The Senate passed the SB64 on February 28, 2023, by a vote of 34 to 0. We have assigned minuses to the yeas because this bill would end free-market-based cryptocurrencies and pave the way for an exclusively government-controlled Central Bank Digital Currency—presenting a significant danger to civil liberties. In fact, the bill was pushed by the Uniform Law Commission, an influential ‘Deep State’ globalist organization that promotes uniform state laws in America, particularly those “consistent with U.S. laws and international obligations,” so as to pursue integration with other countries. Nevertheless, the power to “coin money,” let alone authorize or adopt the use of “electronic money,” is among the powers denied to the States in Article 1, Section 10, of the U.S. Constitution.