Texas’ HB 1056 creates the first gold-backed digital payment system, letting citizens spend precious metals electronically through a state-run depository. While touted as a return to sound money and financial sovereignty, critics warn it trades private ownership for state control, making gold a digital claim rather than physical asset. This could centralize control over bullion, raising questions about true monetary freedom versus convenience with long-term risks.
Harrisburg
Pennsylvania
United States
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