The bill would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use as such in the state.
The post To the Governor: Florida Bill to Ban use of a CBDC as Money in the State first appeared on Tenth Amendment Center.
A central bank digital currency is a financial privacy nightmare. And it’s a tool for complete government control over our spending. As a result, a lot of people are now thinking the paper dollar is a good thing
The post Fiat Paper Money Isn’t the Fix for Central Bank Digital Currency first appeared on Tenth Amendment Center.
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.
Despite the fact that the legislation only allows for the state to invest funds in precious metals, but does not require it, the Maine Office of the State Treasurer lobbied against the bill in a hearing on April 26.
The post Maine Committee Holds Hearing on Bill to Authorize Investment of State Funds in Gold and Silver first appeared on Tenth Amendment Center.
The legislation would explicitly exclude a CBDC from the definition of money in Ohio, effectively banning its use as such in the state.
The post Ohio Bill Would Ban Use of a Central Bank Digital Currency as Money in the State first appeared on Tenth Amendment Center.
The legislation in both chambers would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use as such in the state.
The post Florida Committees Pass Bills to Ban Use of a Central Bank Digital Currency in the State first appeared on Tenth Amendment Center.
Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities. Taxes on precious metal bullion erect barriers to using gold and silver as money by raising transaction costs
The post Signed as Law: Mississippi Takes First Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal.
The post Maine Committee Passes Bill to Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The legislation would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use in the state.
The post Florida Bill Would Ban Use of a Central Bank Digital Currency in the State first appeared on Tenth Amendment Center.
LITTLE ROCK, Ark. (April 14, 2023) – On Tuesday, Arkansas Gov. Sarah Huckabee Sanders signed a bill into law that prohibits tracking an Individual through the use of digital currency without a warrant in most cases. Rep. Robin Lundstrum (R) and Sen. Jonathan Dismang (R) introduced House Bill 1720 (HB1720) on March 27. The law […]
The post Signed as Law: Arkansas Limits Tracking Using Central Bank Digital Currencies first appeared on Tenth Amendment Center.