Governor Roy Cooper was criticized for failing to ignore “partisan politics” in order to advocate for a law that would benefit all North Carolina residents.
Governor Roy Cooper of North Carolina has vetoed a bill that would prohibit the state from implementing a digital currency issued by the Federal Reserve’s central bank, despite the fact that the bill received nearly unanimous support in both the House and Senate.
Cooper, who has been criticized for his politically motivated decision, stated in a statement on June 5 that House Bill 690 was too “premature, confusing, and reactionary” to be signed into law.
North Carolina should delay taking action until the federal government has implemented standards and safeguards to safeguard consumers, investors, and businesses that utilize digital assets.
Following an overwhelming 109-4 vote in the House and a 39-5 vote in the Senate in late June, Cooper’s veto was the result.
A three-fifths majority in both chambers of the North Carolina legislature could easily override Cooper’s veto, given the nearly unanimous votes.
Mitchell Askew, the lead analyst at Blockware Solutions and a native of North Carolina, explained to Cointelegraph that the veto from Governor Cooper was not indicative of the desires of North Carolinians.
Askew expressed his disappointment that Cooper was “unwilling to set aside partisan politics” in order to endorse a law that would be advantageous to all North Carolina residents.
“He vetoed the bill solely because his opponent, Mark Robinson, is in favor of it.” The candidate who is pro-freedom and pro-Bitcoin is evident in this instance.
In the same way, Dan Spuller, who is in charge of industry affairs at the Blockchain Association, said that Cooper’s veto was a missed chance to make it clear that North Carolina is strongly against a CBDC.
At a March meeting of the Senate Banking Committee, Federal Reserve Chair Jerome Powell said that the U.S. was “nowhere near suggesting or let alone implementing a central bank digital currency in any form.”
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