South Dakota Governor Vetos Legislation Banning Cryptocurrencies as Money and Calls on Other States to Block Similar Legislation

According to PANews March 14, according to, the South Dakota government announced on Friday that Governor Kristi Noem vetoed House Bill 1193, a bill that banned the use of cryptocurrencies, including Bitcoin, as money. “This bill would violate the freedom of cryptocurrencies,” Noem’s veto letter said.

“The bill is more than 110 pages long and it was introduced as an update of the UCC[Uniform Commercial Code]guidelines, and it has the support of all our financial institutions and banks,” the governor explained in an interview. “We saw changes in the bill. part of the definition of currency. Essentially, what it does is paves the way for a government-led CBDC, and it also prohibits the existence of any other form of cryptocurrency, bitcoin or Crypto currency.” The governor emphasized, “This is clearly a threat to our freedom,” noting that South Dakota was the first state to “really look at that bill and find out the truth about what’s in it.”

Governor Noem further elaborated: “20+ other states have the same UCC language in front of them. I believe this is paving the way for the federal government to control our currency and thus the people. This should alarm everyone. If the government’s CBDC becomes the only legal Crypto currency, then the government will control how you spend your money, which will take away all your freedom.”

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