On Friday, South Dakota Governor Kristi Noem vetoed House Bill 1193, a bill which redefined the word money to exclude digital assets and laid the groundwork for a Central Bank Digital Currency (CBDC) as an official state-regulated currency, reports MSN.
According to Dakota News Now the South Dakota Freedom Caucus said in a statement they “profusely thanks Gov. Noem for vetoing HB 1193, a bill that would have created a path towards a China-style Central Bank Digital Currency.”