One U.S. governor is standing up for cryptocurrency
I don’t know about you, but when I think of technological innovation, I think South Dakota! Okay, so maybe not, but South Dakota is actually one of the most innovative states in the country. From its cutting-edge research universities to its growing tech startup scene, South Dakota has a lot to offer when it comes to technological innovation. The state’s public and private sector are actively investing in emerging technologies such as AI, 3D printing, blockchain, and more.
The (3d printed) pen is mightier than the sword
South Dakota Governor Kristi Noem has recently vetoed a bill that excluded cryptocurrency from the list of widely-accepted forms of currency. This bill was an attempt by the state legislature to restrict and regulate the use of digital currencies, such as Bitcoin and Ethereum, in the state of South Dakota. By vetoing this bill, Governor Noem has demonstrated her commitment to protecting citizens’ right to utilize cryptocurrencies as a form of payment.
I VETOED HB 1193. This bill adopts a definition of ‘money’ to specifically exclude crypto like Bitcoin. And it opens the door to the risk that the federal government could adopt a Central Bank Digital Currency.
South Dakota will always stand for Economic Freedom. pic.twitter.com/yqN2mPPaLj
— Kristi Noem (@KristiNoem) March 10, 2023
Governor Kristi Noem’s veto of a bill that excluded cryptocurrency from the list of acceptable forms of currency effectively protects South Dakota citizens’ right to use digital currencies as a form of payment, such as Bitcoin and Ethereum. This move bolsters the state’s open-minded approach towards cryptocurrencies and is an important step towards protecting citizens’ rights when it comes to financial transactions.
Protecting citizen’s rights
While other states are yet to make similar strides in protecting their citizens’ rights to utilize cryptocurrency, South Dakota is leading the way and showing that it is committed to being on the forefront of cutting-edge financial innovation. By vetoing a bill that excluded digital currencies from its currency list, the state of South Dakota has taken meaningful steps toward protecting its citizens’ ability to access and use digital currencies without fear of repercussions.
The Crypto Community Reacts
The reaction on social media was overwhelmingly positive, with many tipping their hat to the unlikely hero in Kristi Noem. Maybe it’s time us crypto enthusiasts spend some tourist dollars in this beautiful state?
— Peter Pineapple (@peterpineapp) March 10, 2023
Legendary Woman rright therre!!!! pic.twitter.com/049RDsEFAR
— Mark (@Updownupupright) March 10, 2023
— Narwhal Tacos (@Narwhal_Tacos) March 10, 2023