In the spirit of
James Madison’s blueprint in Federalist #46, the enactment of SB330 creates “impediments” to the implementation of a CBDC in Alabama. Madison said “a refusal to cooperate with officers of the union” along with “the embarrassments created by legislative devices,” would “oppose, in any State, difficulties not to be despised.”
Other states have also taken steps to block the use of CBDCs.
Florida and
Indiana both recently enacted laws that ban the use of a central bank digital currency (CBDC) as money in the state.
How such legislation will play out in practice against a CBDC, should the federal government attempt to implement one, is unknown.
Opponents of the legislation generally take the position that states can’t do
anything to stop a CBDC, since –
according to their view – under the supremacy clause
“any federal law on this point will automatically override state law.”
blog.tenthamendmentcenter.com