North Carolina’s CBDC ban bill vetoed by governor

North Carolina Governor Roy Cooper vetoed a bill that would have prohibited the implementation of the CBDC issued by the Federal Reserve in the state, despite near-unanimous support in both the House and Senate. Cooper explained in a statement on June 5th that House Bill 690 was too "immature, vague, and reactionary" to sign into law. At the federal level, efforts are underway to ensure that standards and safeguards are in place to protect consumers, investors, and businesses using digital assets, and North Carolina should first see how these standards and safeguards work before taking action.