Texas Committee Holds Hearing on Bill to Create 100% Reserve Gold-Backed Digital Currency
The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold as well. The comptroller would also be required to create a mechanism to use this gold-backed digital currency in everyday transactions.
The post Texas Committee Holds Hearing on Bill to Create 100% Reserve Gold-Backed Digital Currency first appeared on Tenth Amendment Center.