{"id":149565,"date":"2023-12-13T16:46:54","date_gmt":"2023-12-13T22:46:54","guid":{"rendered":"https:\/\/jbs.org\/?post_type=alert&p=149565"},"modified":"2024-03-27T10:52:28","modified_gmt":"2024-03-27T15:52:28","slug":"ban-a-central-bank-digital-currency-in-missouri","status":"publish","type":"alert","link":"https:\/\/jbs.org\/alert\/ban-a-central-bank-digital-currency-in-missouri\/","title":{"rendered":"Ban a Central Bank Digital Currency in Missouri \u2014 Support SB 826, HB 1676, and HB 2780"},"content":{"rendered":"\n
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URGENT:<\/mark> The Missouri Senate Insurance and Banking Committee voted in favor of SB 826, which would effectively prohibit a potential Central Bank Digital Currency in Missouri.<\/strong> This bill now goes to the full Senate for consideration. Furthermore, HB 1676 and HB 2780 in the House is also awaiting floor votes.<\/em> Please contact your state senator and representative, and urge them to support SB 826, along with HB 1676 and HB 2780.<\/mark><\/em><\/strong><\/p>\n\n\n\n

Members of the Missouri General Assembly are seeking to enact legislation banning Central Bank Digital Currencies (CBDCs) in the state.<\/p>\n\n\n\n

Senate Bill No. 826 (SB 826<\/a>) is sponsored by Senator Andrew Koenig (R-Manchester). If enacted, SB 826 would amend the state\u2019s definition of money, found in Missouri\u2019s Uniform Commercial Code, to exclude CBDCs \u2014 regardless of whether they are \u201cissued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system.\u201d The bill would also ban government agencies from requiring payments in CBDCs or participating in tests of a CBDC by the Federal Reserve. This would effectively ban<\/a> them within Missouri.<\/em><\/strong><\/p>\n\n\n\n

Additionally, House Bill No. 1676 (HB 1676<\/a>), sponsored by Representative Mark Matthiesen (R-O’Fallon), would ban government agencies from requiring payments in CBDCs or participating in tests of a CBDC by the Federal Reserve, and prevent government agencies from requiring private businesses from accepting them. On March 5, 2024, the House Financial Institutions Committee voted in favor<\/a> of HB 1676.<\/em><\/p>\n\n\n\n

Finally, House Bill No. 2780 (HB 2780<\/a>) has been introduced. It would exclude CBDCs from the state definition of money and prohibit<\/a> government agencies from requiring or accepting them as payment.<\/p>\n\n\n\n

SB 826, HB 1676, and HB 2780 come as state legislatures consider legislation pushed<\/a> by the Uniform Law Commission (ULC) that would pave the way<\/a> for a CBDC by banning free-market cryptocurrencies.<\/p>\n\n\n\n

Dangers of a Central Bank Digital Currency<\/strong><\/h3>\n\n\n\n

A digital currency is a major and imminent threat to Americans\u2019 liberty and privacy \u2014 and the Federal Reserve, <\/strong>White House<\/strong><\/a>, and <\/strong>Treasury Department<\/strong><\/a> are already taking steps to implement one in the United States.<\/strong><\/p>\n\n\n\n

A CBDC would amount to a <\/strong><\/em>major expansion<\/em><\/strong><\/a> of government power, allowing it to restrict our personal freedoms and implement its leftist agenda with no opposition.<\/strong> A digital currency would be centrally controlled by the Federal Reserve, allowing it to oversee all our transactions and thus obliterating privacy and anonymity.<\/em><\/em><\/p>\n\n\n\n

Additionally, the Federal Reserve would be able to set the rules for a digital currency \u2014 it could <\/strong><\/em>prevent<\/em><\/strong><\/a> Americans from using it for transactions that the Fed\u2019s leaders and other globalist elites dislike.<\/strong><\/em><\/p>\n\n\n\n

Not so long ago, we saw the Canadian government shut down the bank accounts of pro-freedom demonstrators, and Big Tech companies prevent electronic payments in Russia. If a digital currency is implemented, these displays of draconian government power against its political opponents, or those with \u201cunacceptable views,\u201d will intensify<\/a> exponentially.<\/p>\n\n\n\n

If a digital currency is implemented, it would be on a global level<\/strong><\/a> rather than just a national level.<\/strong> For example, at least nine countries<\/a> have already implemented digital currencies while 78 others are considering it. Furthermore, at the 2022 World Government Summit, globalist \u201cexperts\u201d called for<\/a> the creation of a global digital financial system.<\/p>\n\n\n\n

Last, but not least, the Deep State has been planning<\/a> a digital currency for many<\/a> years<\/a> due to the control over people that it would gain. In fact, a digital currency is a crucial component<\/a> of the Great Reset plan to control humanity. Covid-19 provided an excuse for it to accelerate those plans.<\/p>\n\n\n\n

Ultimately, Missouri must fully <\/strong>restore sound money<\/strong><\/a> within its borders \u2014 including nullifying the Federal Reserve, recognizing gold and silver as legal tender, and creating a state bullion depository \u2014 in pursuance with <\/strong>Article I, Section 10<\/strong><\/a> of the U.S. Constitution.<\/strong> However, stopping a CBDC is an important step toward preventing totalitarian control over all Americans. Accordingly, urge your state representative and senator to support SB 826, HB 1676, and HB 2780.<\/mark><\/strong><\/p>\n\n\n

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