SB 1432
central bank digital currency; ban
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill prohibits the use of central bank digital currency (CBDC) as legal tender within the state of Arizona. It specifically bans the use of federally recognized CBDC for payments and contracts. The bill also amends existing statutes related to escrow disbursements and trust business operations to prevent the use of CBDC in those contexts. It reinforces the legal tender status of existing currency and aims to maintain control over the state’s monetary system.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.