A new law that will come into force next August will allow residents of Louisiana, a state in the southern United States that stands out for supporting Republicans, to exercise their right to use bitcoin (BTC).
Governor Jeff Landry’s signature gave final approval to the project this June 19. As provided in the law, people and companies in that state They will be able to self-custody their BTC or use them to make purchases and pay for goods and services safely, without legal barriers.
The rule prohibits – at the same time – the use of central bank digital currencies, joining similar provisions established in other states, including Florida, South Dakota, Utah, South Carolina and Tennessee, where there are legislative measures specific restrictions that restrict CBDCs.
The regulation also supports the development of Bitcoin mining in industrial areas, as a way to attract investment and strengthen Louisiana’s economy. Although strict controls are established on mining companies that are foreign owned.
This is a series of measures that were also approved by Governor Kevin Stitt in Oklahoma just a month ago. As CriptoNoticias reported last May, the leader of that state, also a Republican, enacted the law HB3594 that guarantees the rights of those who participate in activities with cryptocurrencies.
In this way, both states emerge as pioneers in the enactment of laws that support bitcoin, in a context where the federal government has started a kind of war against the sector.
The experience of the bitcoiner ecosystem during the government of Democrat Joe Biden has been such that the president and candidate for re-election (along with many of his officials) have earned a relevant position as opponents of cryptocurrencies.
However, the panorama seems to change. The interest in bitcoin that people around the world – and especially Americans – have shown, together with the proximity of the US presidential elections, has put politicians to evaluate your posture.
The first step forward was taken by Donald Trump, former president and now Republican candidate who, until recently, was known for his rejection to the pioneer of digital currencies.
But now, in light of voters’ preferences, Trump presents himself as a new defender of cryptocurrencies and promises to boost bitcoin adoption.
Consistent with his recent conversion, Trump calls himself a “crypto president” and goes public with his opposition to CBDCs, citing concerns about government intervention and the potential for increased surveillance.
During a campaign speech in January, he stated that he would “never allow the creation of a central bank digital currency” believing that it would give the government “absolute control” over citizens’ money.
His messages in support of the ecosystem have also led him to speak out in favor of bitcoin minerssaying that it will establish rules that help the activity remain and be favorable to the country.
In general terms, the former president’s speech maintains the same line of ideas as Landry and Stiff, the governors republicans who just passed pro-bitcoin laws.
For this reason, it is worth thinking about the regulations that will come into force at the end of this year in Louisiana and Oklahoma as a preview of the promises that Trump makes, and that he will supposedly put in place if he is elected president in the upcoming November elections.
