Any lawfags wanna take a stab at the legal trappings of a US State creating and/or adopting an Intrastate commerce based Cryptocoin? Effectively cutting out the FED note system for all goods and services within the state.
ArtI.S8.C5.1
States cannot coin their own money, but, does crypto count?
What if it was called "Script" and not "Coin"?
Would a state-regulated intrastate digital-exchange for goods and services be a legal grey area to build out fiat-resistant mediums for exchange, because no physical coins would be minted, all digital?
Now, do the same calculus with a Private company implementing the digital script/coin system.