sound money

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

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.

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To the Governor: Florida Bill to Ban use of a CBDC as Money in the State

The bill would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use as such in the state.

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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.

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Maine Committee Holds Hearing on Bill to Authorize Investment of State Funds in Gold and Silver

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.

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Ohio Bill Would Ban Use of a Central Bank Digital Currency as Money in the State

The legislation would explicitly exclude a CBDC from the definition of money in Ohio, effectively banning its use as such in the state.

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Florida Committees Pass Bills to Ban Use of a Central Bank Digital Currency in the State

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.

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Signed as Law: Mississippi Takes First Step Toward Treating Gold and Silver as Money

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

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Maine Committee Passes Bill to Make Gold and Silver Legal Tender in the State

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.

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Florida Bill Would Ban Use of a Central Bank Digital Currency in the State

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.

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Signed by the Governor: Arkansas Law Makes Gold and Silver Legal Tender in the State

The law makes “gold and silver specie” legal tender in the state, meaning it is recognized as a medium of exchange. Practically speaking, this will allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles.

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