Florida Governor Ron DeSantis Introduces First-in-the-Nation Bill to Prohibit Use of CBDC – Regulation Incoming?
Central bank digital currencies (CBDCs) will not be coming to Florida any time soon, if Governor Ron DeSantis gets his way. In a press release, Governor DeSantis said his intention with the bill is to “protect Floridians...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a press release, Governor DeSantis said his intention with the bill is to “protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency.”
It added that the legislation is necessary to “prevent the proliferation of woke ideology into the financial sector.”...
Read More: Florida Governor Ron DeSantis Introduces First-in-the-Nation Bill to Prohibit Use of CBDC – Regulation Incoming?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Coinbase crypto-backed loans hit $2.3 billion as banks build tokenized deposits
Coinbase's crypto-backed loans and banks' tokenized deposits signal a shift towards blockchain integration in traditional finance...
Ripple Brings RLUSD to Cross River Bank as Garlinghouse Backs Evernorth’s XRP Strategy
Announced on October 15, the Cross River partnership integrates Ripple USD (RLUSD) into the bank’s proprietary Core Operating Syst...
Binance.US Seeks $100 Million Funding Round At $1 Billion Valuation
TL;DR: Binance.US is reportedly seeking up to $100 million from private investors at a proposed valuation of approximately $1 bill...
Binance bStocks Hits $1 Billion As Tokenized Stock Trading Accelerates
TL;DR: Binance says its bStocks tokenized-equity offering has surpassed $1 billion in assets under management, four months after l...
BIS paper finds banks could slow stablecoin growth by raising rates
Rising bank rates could curb stablecoin growth, impacting monetary policy, regulation, and competition between banks and digital c...
Deutsche Bank To Debut Bitcoin Custody Within Weeks: Report
Bitcoin Magazine Deutsche Bank To Debut Bitcoin Custody Within Weeks: Report German multinational Deutsche Bank is just weeks away...