Central bank digital currency; prohibit governmental entities from using.

HB 551 prohibits all Mississippi state and local government entities - including agencies, departments, and political subdivisions - from using central bank digital currency (CBDC) for payments, transactions, or government functions. The bill defines CBDC as digital money issued by central banks (like the Federal Reserve) or foreign central banks, while explicitly excluding national currencies, bank deposits, and certain stablecoins. It also amends state law to clarify that "money" does not include CBDC, ensuring government entities cannot adopt such digital currencies. The bill died in committee on February 3, 2026, and never became law.