Louisiana Defends Bitcoin Rights, Bans CBDCs with Landmark Bill
MASSIVE BREAKING: A Bill to defend ‘Bitcoin Rights’ and ban CBDCs passes into law in Louisiana! Following the Satoshi Action Model Policy, Louisiana’s latest crypto law will solidify the state's position as a leader in digital asset innovation.
Louisiana has emerged as the second state to pass legislation defending bitcoin rights, following a landmark bill signed into law by Governor Jeff Landry. The state of Louisiana has officially passed a Bitcoin bill defending the rights of BTC holders.
What House Bill 488 Means for Bitcoin in Louisiana
House Bill 488, Louisiana’s HB 488, set to take effect on Aug, introduces significant measures to protect Bitcoin users. It guarantees that individuals can safely store Bitcoin. Moreover, House Bill 488 bans the creation of the central bank digital. This proactive approach ensures that Louisiana residents can participate in the Bitcoin economy without fear of undue government interference or the potential risks associated with Central Bank Digital Currencies (CBDCs).
Louisiana: A Pro-Bitcoin State
Bitcoin, the leading cryptocurrency asset in the financial sector, is set to garner more recognition as the state of Louisiana has enacted a historic law that will safeguard BTC access. rights have become law in a second state as Louisiana passes a landmark pro-bitcoin bill to protect access to bitcoin and curb Central Bank Digital Currencies. This makes Louisiana a haven for Bitcoin enthusiasts and businesses, fostering a vibrant and innovative digital asset ecosystem.
This groundbreaking legislation underscores Louisiana's commitment to embracing the future of finance and protecting the rights of its citizens to engage with decentralized technologies like Bitcoin.