RAPID CITY, SD- SD Citizens For Liberty, a statewide grassroots organization based in Rapid City, is announcing NON-CONSENT to the proposed amendments and redefinitions to the Uniform Commercial Code, believed to have been created in less-than good faith, and without full disclosure. HB 1193 is rapidly moving through the South Dakota State Legislature and is expected to have its first reading in the Senate this week, despite concerns raised during committee by Rep. Scott Odenbach (R-Spearfish), and Rep. Jon Hanson (R-Sioux Falls).

At issue are the following amendments to section 12 of the Uniform Commercial Code, which must be agreed to by all 50 states, before it can go into effect on July 1, 2024.

Section 1-24: seeks to redefine “money,” to EXCLUDE; “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 adopted and authorized by the government.”

Section 57A-1-201 subsection 16(A) seeks to redefine the term “electronic,” to mean; “relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.”

Given these new definitions, our understanding if passed, is that this legislation would enter the State of South Dakota into a binding agreement for contract and commerce that centralizes future currency and assets into an electronic system [meaning optical, wireless, magnetic, electromagnetic, or similar capabilities] adopted and authorized by the government. Given the added context of the Federal Reserve Coin, and the Executive Order From President Biden authorizing the use of a Central Bank Digital Currency, we have grave concerns for the potential use or misuse of a digital currency system.

We the people of South Dakota constitute a free and sovereign state, where we must be given full and honest disclosure, and have the right to negotiate or decline the terms of any contract. The terms set forth in the U.C.C creates an agreement for contracting and commerce that all 50 states must agree to prior to becoming uniform.

We hereby register our non-consent, as these terms are neither transparent nor are they agreed to, as we believe they have been negotiated in less than good faith. We urge our elected representatives to recognize and register our non-consent on the floor of the Senate. And, we urge our Governor, Kristi Noem, to take a stand against tacit agreements which have the potential for digital totalitarianism.

We urge everyone to please sign the petition from the South Dakota Freedom Caucus!
--SD Citizens for Liberty

Post Date: 2023-02-18 16:16:51

Last Update: 2023-02-20 16:49:27