TYB
Gold is Back on the Menu…
Digital Currency Backed by Gold Bill in Texas
May 28, 2025: 🏛️ C.S.H.B. 1056 is a revised bill that updates existing law to officially recognize gold and silver specie as legal tender in Texas. It also lays the foundation for creating a transactional currency backed by physical gold and silver.🥇🥈 November 22, 2024: Texas State Representative Mark Dorazio filed House Bill 1049 and House Bill 1056 on November 12, to create gold and silver-backed transactional currencies. Original news: Texas Lawmakers Introduce Bills to Create Digital Currency Backed by Gold. The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust as provided by this chapter.
https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02334I.htm
There's A New Legal Tender In FL As Law Is Signed
Gov. Ron DeSantis signed a bill into law this week recognizing gold and silver as legal tender in Florida. Under House Bill 999, gold and silver coins that meet specific purity standards can be used for transactions, although using it or accepting it is voluntary.
Gold coins must have 99.5 percent purity and silver coins must have 99.9 percent purity to be recognized as legal tender, according to the new law.
Purchases of gold and silver would also be exempt from sales tax.
https://patch.com/florida/southtampa/gold-silver-recognized-legal-tender-fl-under-new-law