INSUBCONTINENT EXCLUSIVE:
Some Texas residents are already expressing skepticism about a recently passed law recognizing gold and silver as legal tender in the state,
announced that he had signed House Bill 1056 into law after passage in the state House of Representatives and Senate
The bill, expected to take effect on May 1, 2027, amends the state government code to recognize gold and silver as legal tender and for
would not prohibit Federal Reserve notes or other US currency for use as legal tender in Texas
the Texas governor and Republican-led legislature, the US state government has moved forward with some bills proposing the adoption of
cryptocurrencies such as Bitcoin (BTC)
On the same day he signed House Bill 1056 into law, Abbott approved legislation for the creation of a state strategic BTC reserve.Related:
transactions since 1933, when President Franklin D
Though individual states like Texas have been exploring the adoption of different assets, they are barred from issuing notes and coins under
currency backed by gold or silver as legal tender
retailers to accept them as payment
by the state or federal government
