Louisiana Passes House Bill 488 Protecting Bitcoin Rights and Banning CBDCs

Jun 24, 2024, 12:17 PM

Louisiana has passed House Bill 488, a landmark piece of legislation that protects Bitcoin rights, self-custody, transactional freedom, and mining, while banning Central Bank Digital Currencies (CBDCs). This bipartisan bill ensures individuals can securely hold and use Bitcoin for transactions. Louisiana joins Oklahoma, Montana, and Arkansas in setting a pro-Bitcoin policy blueprint for the nation. The bill represents the fourth law passed in the United States to defend Bitcoin rights. The states are continuing to lead on policy innovation. The Satoshi Action Fund played a significant role in this legislative success.