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As part of the fight that many U.S. politicians have launched to prevent the advance of a digital dollar or central bank digital currencies (CBDCs), several states are proposing modifications to their laws so that these types of currencies are not classified as money.
To that end, a number of bills are being introduced in South Dakota and Utah to the west; as well as South Carolina and Tennessee in the southern United States. They seek to amend the guidelines set forth in each state's Uniform Commercial Code (UCC), a regulation that lays out how to transact in those jurisdictions.
UCCs are a comprehensive set of standardized laws that govern commerce within the United States. They provide a coherent framework for business dealings and operations between different states and include among their provisions a definition of money.
The plan in the aforementioned states is to revise the concept of money to exclude CBDCs from the definition used in the UCCs, thus creating obstacles for the possible circulation of a digital dollar in the US.