Resolution to Protect
Utahns Against
Central Bank Digital Currency

RESOLUTION TO PROTECT UTAHNS AGAINST
CENTRAL BANK DIGITAL CURRENCY

Sponsored by Brandon Beckham
Adopted by the State Central Committee, August 19, 2023

WHEREAS, the 4th Amendment of the US Constitution (The Bill of Rights) states: “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

WHEREAS, on March 9, 2022, President Biden issued Executive Order 14067, directing the study and implementation of Central Bank Digital Currency by the Federal Reserve;

WHEREAS, Central Bank Digital Currency (CBDC) gives the Federal Reserve broad powers of surveillance and control over individual financial activity, including direct taxation, monitoring of all transactions, and the closing out of funds, and CBDC will be leveraged to enforce ESG-climate change policies, restrict energy usage, and implement economic sanctions – constituting a direct violation of 4th Amendment rights;

WHEREAS, the Federal Reserve completed a 12-week test run of CBDC that ended in February 2023. Currently, 11 nations have launched CBDC, 18 are running pilots, and 32 are in the development stage, including the United States;

WHEREAS, North Dakota has a state-owned bank to protect its citizens and the states of North Carolina, South Dakota, and Florida have introduced legislation to protect their citizens from CBDC and call “on like-minded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide”;

RESOLVED, the Utah Republican Party is fully committed to protecting individual financial freedom for Utah consumers and businesses, including the prohibition of Central Bank Digital Currency in Utah;

RESOLVED, the Utah Republican Party strongly supports GOP legislators and the governor in passing legislation to ban Central Bank Digital Currency in the state and to protect the financial freedom and privacy of Utahns from further encroachments.

CO-SPONSORS

Bruce Haynes, Christina Boggess, Kim Coleman, Kristen Chevrier, Blaine Nay, Teena Horlacher, Joseph Levi, Natalie Levi, Kim Cropper, Mari Eddy, Tyrel Eddy, Jesse Sloan, Rod Daniells, Lisa Marble, Skyler Beltran, Tony Robinson, Sheila Stubbs Knight, Marjorie Haun, Aaron Bullen, Chad Saunders, Carolyn Phippen, Lyndon Brittner, Cody Adams, Jamie Wadman, Kim Delgrosso, Jennifer Chamberlain, Casey Gale, Becky Hope, Gloria Vindas, Gunnar Thorderson, Olivia Dawn, Blair Brandenburg, Jonathan Harvey, Bob McEntee, Jon-David Jorgensen, Goud Maragani, Jared Cahoon, Adali Elison, Cristy Henshaw, Catherine Paquette-Richardson, Kevin Richardson, Ben Summerhalder, Mac Sims

INSTRUCTIONS FOR DISTRIBUTION

• This resolution shall be made public via an official Utah GOP press release and be published on the homepage of the Party’s website and social media accounts.
• Digital copies of this resolution shall be sent from Chairman Axson to members of the Utah GOP federal delegation and Republican state-level elected officials including, members of the Utah House and Senate, the governor and lieutenant governor, the attorney general, the state treasurer, and the state auditor.
• An official email shall be sent out from party leadership to rank-and-file members of the Utah GOP regarding the passage of this resolution.

Download PDF of Resolution

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