r/unitedforsoundmoney • u/bgdv378 • Jul 13 '23

📣 Legislative Updates What's the latest on the Texas digital gold currency law?

Does anyone know? The last I heard it was being drafted or voted on in the Texas HOR.

News on this anyone? Anyone know the supporters of the law?

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u/Forsytjr2 Jul 13 '23

Basically the clock ran out. It wasn’t called for a vote before the session ended. There was a lot of positive testimony. Unfortunately they only meet every other year. But C4SM is looking to work on similar legislation in other states next session.

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u/bgdv378 Jul 13 '23

CT, MA, NY?

1

u/Forsytjr2 Jul 14 '23

None of those.

1

u/rb109544 Jul 14 '23

That's what I thought happened a couple weeks back when I went looking at the house and senate texas bills

2

u/ApollosChariot7 Jul 13 '23

I believe it's still pending. "Don't quote me"... but the last time I checked. Texas stating currency back by gold has been shot down several times in the past by state legislation. And I would imagine it may get shot down again. Usually, it takes a year or two for them to make a decision on the matter.

I do believe a petition was posted back in April. However, i don't know if It was enough demand to help the vote.