WebApr 10, 2024 · Legislation proposed in Texas would create a state-issued digital currency issued backed by gold, which residents could then fully redeem in cash or gold. Identical bills introduced in the Texas House of Representatives and Texas Senate would require the state comptroller to create the currency, which would be backed by gold “so that each ... WebApr 10, 2024 · Texas Bill Would Create State-Issued Gold-Backed Digital Currency. Note what the article states: Sen. Bryan Hughes (R) introduced Senate Bill 2334 ( SB2334) on …
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WebThe Texas House and Senate proposed legislation that would authorize the creation of a state-issued digital currency backed by gold. The move is seen as a challenge to the … WebApr 6, 2024 · April 5, 2024 by Michael Maharrey 0 14. Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency. Enactment of this legislation would create an option for people to transact business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money and create a viable ... dr brian demuth md
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WebApr 10, 2024 · The first of its kind, a gold-backed state-based digital currency project has appeared in Texas. On the same day, two Texan lawmakers introduced identical bills for creating a state-based digital currency backed by gold. Each unit of the digital currency would represent a particular fraction of a troy ounce of gold held in trust, according to ... WebNov 16, 2024 · Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend ... WebWHEREAS, A central bank digital currency (CBDC) is a digital form of money that is a liability of the Federal Reserve, rather than a liability of commercial banks; retail CBDCs are issued to the ... That the 88th Legislature of the State of Texas hereby express its opposition to the creation of a central bank digital currency. ... enchanted ball napier