The Missouri State Senate in the United States has proposed a bill to "eliminate CBDC as legal tender."

ChainCatcher news, according to CryptoSlate, the Missouri Senate introduced Bill SB 194 on December 1, proposing to prohibit central bank digital currency (CBDC) as legal tender in the state. The bill aims to prevent public entities from accepting or using CBDC and amends the definition of "currency" in the Uniform Commercial Code to exclude these digital currencies.

Initiated by Senator Brattin, SB 194 outlines several provisions affecting Missouri's financial policy, including a requirement that the state's treasurer hold gold and silver reserves amounting to at least 1% of the state's funds. Additionally, the bill reduces the tax liability on gold and silver, as it "exempts from state income tax the portion of capital gains derived from the sale or exchange of gold and silver that is included in the taxpayer's federal adjusted gross income." Besides focusing on precious metals, the bill explicitly prohibits public entities from participating in any CBDC-related testing or pilot projects conducted by the Federal Reserve or other federal agencies. This stance reflects growing concerns among some state legislators about the impact of CBDC on financial privacy, monetary policy, and state sovereignty.