The US state of Louisiana has reportedly passed a bill in support of Bitcoin that aims to protect access to the asset and limit central bank digital currencies (CBDC).
The move coincides with another state that also enshrined Bitcoin rights into law.
Louisiana Governor Jeff Landry signed the pro-Bitcoin bill after bipartisan approval from both the House of Representatives and the Senate.
This legislation, introduced by Representative Mark Wright and Senator Jean-Paul Cousin, aims to facilitate easier access to Bitcoin while imposing restrictions on CBDC.
The new law ensures that individuals can securely hold Bitcoin and allows businesses to use and accept BTC without facing legal obstacles.
Additionally, the law prohibits Louisiana from accepting payments in CBDC and supports mining Bitcoin in industrial areas to attract investment and boost the state’s economy.
Federal Reserve Chair Jerome Powell has hinted that U.S. banks may soon see more flexibility when it comes to handling digital assets—a notable shift from the cautious approach regulators have maintained in recent years.
Concerns over unchecked influence in Washington have prompted a new legislative push to tighten ethics rules for part-time federal advisors with ties to powerful corporations.
New York may soon allow residents to use digital assets like Bitcoin and Ethereum to pay for services tied to the state.
Japan is preparing to reshape its crypto regulations with a fresh proposal that would divide digital assets into two distinct categories—one for business-backed tokens and another for decentralized cryptocurrencies like Bitcoin.