Consumer Payment Rights and Transparency Act
Our priority at Solari is your freedom and the protection of your individual sovereignty and human rights. This means that you must enjoy financial freedom—the ability to use your resources and transact without invasive control by digital ID systems, programmable digital money, and illegal use of enforcement and coercion.
Many of us have become informed about the dangers of central bank digital currencies (CBDCs) because the central bankers have explicitly told us that they can create the rules for how, when, and where we can use our money, also reminding us that they have the technology to enforce those rules centrally.
Augustín Carstens, Bank for International Settlements (BIS) – Cross-Border Payment: A Vision for the Future
Bo Li, International Monetary Fund Deputy Managing Director at the IMF on Bank Digital Currencies for Financial Inclusion
However, these same control mechanisms can also be applied to private cryptocurrencies, such as stablecoins and asset tokens. You can read more about this in our article about the GENIUS Act and stablecoins.
Some states have passed laws outlawing CBDCs. Now we need to make sure that no form or system of programmable money can threaten our financial freedom. In addition to having developed model legislation to protect cash as a critical analog option, Solari has prepared model legislation to help states protect themselves against being coerced or forced into using digital money.
Here is the link to our draft of the model legislation, Consumer Payments Rights and Transparency Act. Please send it to your state senators and representatives and ask them to sponsor and pass legislation in your state, so that you and your fellow citizens do not lose your rights to transact freely and do not become subject to taxation without representation.