Central Bank Digital Currency; prohibit governmental entities from using.

HB 557 prohibits all governmental entities in Mississippi - including state agencies, local governments, and any organizations receiving state funding - from using central bank digital currency (CBDC) for payments, transactions, or other official functions. The bill defines "central bank digital currency" as digital money issued by entities like the U.S. Federal Reserve or foreign central banks, and clarifies that "money" under state law excludes such digital currencies. It directly affects state and local government operations by blocking the use of CBDC in services like tax collection or public spending. The bill did not advance beyond committee in 2025.