Oppose Oklahoma Central Bank Digital Currency Bill HB 2776

Members of the Oklahoma Legislature are seeking to pass legislation that, if enacted, would pave the way for a Central Bank Digital Currency (CBDC).

House Bill 2776 (HB 2776) is a 244-page bill that makes multiple various changes to Oklahoma’s Uniform Commercial Code. However, the bill importantly changes the state’s definition of “money”:

The term does not include an electronic record that is a medium of exchange recorded and transferable in a system that existed and operated for the medium of exchange before the medium of exchange was authorized or adopted by the government.

These provisions ban free-market-based cryptocurrencies, such as Bitcoin, from being considered money under state law. Meanwhile, under the bill, states would automatically recognize any new government-controlled currencies.

More importantly, however, HB 2776 paves the way for a Central Bank Digital Currency while banning cryptocurrencies not under government supervision.

Furthermore, the bill’s authors have explicitly stated their intention to ban cryptocurrencies in favor of CBDCs, and that the bill was intended to accommodate “countries [that] might authorize or adopt [a] central bank digital currency or CBDC.”

HB 2776 is sponsored by the Uniform Law Commission (ULC), an influential “Deep State” organization that promotes uniform state laws, including those “consistent with U.S. laws and international obligations.” In recent years, it has pushed to “harmoniz[e] state law with the law of other nations as well as the implementation by state law of private international law treaties.” The ULC is pushing the same legislation in states across the United States.

Dangers of a Central Bank Digital Currency

A digital currency is a major and imminent threat to Americans’ liberty and privacy — and the Federal Reserve, White House, and Treasury Department are already taking steps to implement one in the United States.

A CBDC would amount to a major expansion of government power, allowing it to restrict our personal freedoms and implement its leftist agenda with no opposition. A digital currency would be centrally controlled by the Federal Reserve, allowing it to oversee all our transactions and thus obliterating privacy and anonymity.

Additionally, the Federal Reserve would be able to set the rules for a digital currency — it could prevent Americans from using it for transactions that the Fed’s leaders and other globalist elites dislike.

Not so long ago, we saw the Canadian government shut down the bank accounts of pro-freedom demonstrators, and Big Tech companies prevent electronic payments in Russia. If a digital currency is implemented, these displays of draconian government power against its political opponents, or those with “unacceptable views,” will intensify exponentially.

If a digital currency is implemented, it would be on a global level rather than just a national level. For example, as of March 2022, nine countries have already implemented digital currencies while 78 others are considering it. Furthermore, at the 2022 World Government Summit, globalist “experts” called for the creation of a global digital financial system.

Last, but not least, the Deep State has been planning a digital currency for many years due to the control over people that it would gain. In fact, a digital currency is a crucial component of the Great Reset plan to control humanity. Covid-19 provided an excuse for it to accelerate those plans.

Ultimately, the Federal Reserve — a blatantly unconstitutional agency — must be completely abolished, and the United States must return to constitutional money. However, it is also imperative that a CBDC be stopped in its tracks. Accordingly, urge your state representative and senator to oppose HB 2776.