HB4903 – CLibertyC

Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies

Post author:Tenth Amendment Center
Post published:May 3, 2023
Post category:Network Archives Sovereignty Tenth Amendment Center Texas

In establishing gold and silver specie, the comptroller would be required to authorize the Texas Bullion Depository as issuer and ensure that the holder of the specie may use the specie as legal tender in payment of debt and readily transfer the specie to another person.

The post Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies first appeared on Tenth Amendment Center.

Texas Committee Holds Hearing on Bill to Create 100% Reserve Gold-Backed Digital Currency

Post author:Tenth Amendment Center
Post published:April 27, 2023
Post category:Network Archives Sovereignty Tenth Amendment Center Texas

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.

Texas Bill Would Create State-Issued Gold-Backed Digital Currency

Post author:Tenth Amendment Center
Post published:March 22, 2023
Post category:Network Archives Sovereignty Tenth Amendment Center Texas

The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and 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 Bill Would Create State-Issued Gold-Backed Digital Currency first appeared on Tenth Amendment Center.