{"id":540074,"date":"2024-06-25T13:54:00","date_gmt":"2024-06-25T13:54:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=540074"},"modified":"2024-06-26T06:21:52","modified_gmt":"2024-06-26T06:21:52","slug":"louisiana-embraces-crypto-with-new-pro-crypto-bill-as-it-bans-cbdcs","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/louisiana-embraces-crypto-with-new-pro-crypto-bill-as-it-bans-cbdcs","title":{"rendered":"Louisiana Embraces Crypto With New Pro-Crypto Bill As It Bans CBDCs\u00a0"},"content":{"rendered":"<p>The State of Louisiana has formulated pro-crypto legislation seeking to ban central bank digital currencies (CBDCs) while supporting Bitcoin mining.<\/p>\n<p>This new legislation, dubbed the <a href=\"https:\/\/legiscan.com\/LA\/text\/HB488\/id\/3006883\" target=\"_blank\" rel=\"noopener\">Blockchain Basics Act<\/a>, will be enacted in August 2024. It offers clear definitions of node operators while supporting Bitcoin mining activities.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MASSIVE BREAKING: Bill to defend &lsquo;<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Rights&rsquo; and ban CBDCs passes into law.  <\/p>\n<p>&#128680;Satoshi Action Passes 4th law to defend <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Rights in the USA.&#128680; <\/p>\n<p>Louisiana joins Oklahoma, Montana, &amp; Arkansas in setting pro-<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> policy blue print for the nation. &#127482;&#127480; <a href=\"https:\/\/t.co\/8NGaMtcW1U\">pic.twitter.com\/8NGaMtcW1U<\/a><\/p>\n<p>&mdash; Dennis Porter (@Dennis_Porter_) <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1805209521519767945?ref_src=twsrc%5Etfw\">June 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The act further protects the right to self-custody, ensuring individuals can hold digital assets. It also seeks to ensure that individuals and businesses can accept and spend Bitcoin legally.<\/p>\n<p>Representative Mark Wright, who sponsored the legislation, noted that it will &ldquo;pave the way in Louisiana for the changes and economic opportunities we will see from blockchain technology and digital assets.&rdquo;<\/p>\n<h2>Louisiana Bans CBDCs<\/h2>\n<p>This amendment also includes a provision banning CBDCs in the state. It prohibits the state government from engaging in CBDC testing or accepting payments using a CBDC.<\/p>\n<p>However, it does not impose a ban on other digital currencies. According to Wright, the goal was to ensure digital assets were protected and legally recognized.<\/p>\n<p>Louisiana&rsquo;s ban on CBDCs follows similar actions by states like Florida and North Carolina. CBDCs have also become a crucial topic in the ongoing US Presidential elections, with former US President Donald Trump <a href=\"https:\/\/insidebitcoins.com\/news\/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom\" target=\"_blank\" rel=\"noopener\">saying <\/a>a digital dollar was a &ldquo;dangerous threat to freedom.&rdquo;<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-june-25-catwifhat-sei-synthetix\">Best Crypto to Buy Right Now June 25 &ndash; catwifhat, Sei, Synthetix<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-boy-reviews-fastest-growing-solana-meme-coin-presale-last-chance-to-buy-seal-ico\">Crypto Boy Reviews Fastest Growing Solana Meme Coin Presale &ndash; Last Chance to Buy $SEAL ICO<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/truth-arts-launches-a-new-platform-letting-nft-holder-move-nfts-across-ethereum-chains\">Truth Arts Launches A New Platform Letting NFT Holder Move NFTs Across Ethereum Chains<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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This new legislation, dubbed the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":261901,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Louisiana Embraces Crypto With New Pro-Crypto Bill As It Bans CBDCs\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The State of Louisiana has formulated pro-crypto legislation seeking to ban central bank digital currencies (CBDCs) while supporting Bitcoin mining. 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After graduating with an Honours in journalism, media and communications, he has been part of the crypto industry for more than a year now. Conducting on-chain analysis, breaking down market triggering events, and publishing Op-Ed pieces, he finds gratification diving deep into the crypto space, earning himself significant knowledge and experience. Aside from InsideBitcoins, Lockridge\u2019s latest works can be found on FXStreet.com","sameAs":["https:\/\/www.linkedin.com\/in\/lockridge-okoth-101147137\/","https:\/\/twitter.com\/Mocking84266113"],"url":"https:\/\/insidebitcoins.com\/news\/author\/lokoth"}]}},"modified_by":"Kevin Hamlin","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/540074"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=540074"}],"version-history":[{"count":1,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/540074\/revisions"}],"predecessor-version":[{"id":540095,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/540074\/revisions\/540095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/261901"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=540074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=540074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=540074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}