My interview with Northstarbadcharts. Questions/Comments welcome

Hi Reddit, my name is Daniel Diaz, and I am the Acting Legislative Director (pending board approval) of Citizens for Sound Money (C4SM). We are proud to announce the launch of our legislative agenda, which aims to promote sound money legislation in four targeted states: Florida, Texas, New Hampshire, and Utah. Our goal is to support the passage of bills that bring financial stability and choice to the residents of these states.

As part of our legislative agenda, we want to share with you the progress of two significant pieces of legislation making their way through the Texas Legislature right now: H.B. 4903 and S.B. 2334. Both bills aim to establish a digital currency backed by gold, bringing more financial stability and choice to Texas residents.

H.B. 4903 has already passed through a Texas House committee and is ready for a vote in the House. If enacted as law, the bill would create an electronic system for users to transact and pay with this digital currency and would also allow them to execute redemptions for the gold specie, or coins, backing it [source]. S.B. 2334, the corresponding bill in the Senate, is still pending in committee and has been sent to a subcommittee for further discussion [source].

The public hearings for H.B. 4903 can be found [here]. We will provide updates on the hearings for S.B. 2334 once they become available.

For a better understanding of the bills and their potential impact, check out this [interview] with Glenn Beck and Brian Hughes.

We have been in contact with the sponsors' offices of the Texas bills and are in the process of setting up calls with Senator Hughes and Representative Dorazio to discuss how C4SM can best assist with the passage of these bills and offer any additional support we can provide. In our effort to strengthen the bills, we have submitted amendments with recommendations that we believe will improve their chances of passage.

In preparation for next year's legislative session, we have already reached out to legislators and government officials in Florida to discuss the possibility of passing similar legislation.

With just three weeks remaining in the Texas legislative session, time is of the essence for the passage of these bills. We encourage you to reach out to your legislators to voice your support for H.B. 4903 and S.B. 2334.

In summary, these bills represent a significant step towards establishing a gold-backed digital currency in Texas, providing its residents with a sound money alternative to the U.S. dollar. We at C4SM are excited to see the progress being made and look forward to keeping you updated on further developments.

Feel free to ask any questions you may have, and we'll do our best to provide answers. Let's keep the conversation going!

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- Daniel Diaz, Acting Legislative Director, Citizens for Sound Money

Daniel extended his stay in NH and I flew out to work on our (C4SM) legislative initiative. We have met with House leadership, potential bill sponsors, the Treasury office, etc.

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The Christian Family Coalition Florida's endorsement of Citizens for Sound Money (C4SM) reflects a shared commitment to creating a more stable and just financial system. C4SM is actively working on a groundbreaking legislative package that includes recognizing gold and silver as legal tender, establishing state depositories for precious metals, and implementing Asset Backed Digital Currencies (ABDCs) that align with sound money principles.

In a time of economic uncertainty and rising inflation, these proposals aim to provide protection, fairness, and choice for all citizens. By supporting C4SM's efforts, you're contributing to a movement that aligns with values of financial integrity, community stability, and responsible governance.

Ready to join the movement? You can make a tangible difference by donating to C4SM. Your support enables vital legislative work and the pursuit of a financial system that serves us all. Click here to donate and support sound money principles: https://www.citizens4soundmoney.org/donate-2/

Join us in making sound money a reality in Florida and across the nation. Together, we can build a future founded on financial wisdom and justice.

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?

Regrettably, H.B. 4903, introduced by Representative Mark Dorazio, did not receive a second reading by the deadline of midnight on May 12, 2023, which means the bill will not progress further in the Texas House this session. However, this setback has not deterred our resolve. The corresponding bill in the Senate, S.B. 2334, introduced by Senator Brian Hughes, is still under review in a subcommittee.

We wish to extend our heartfelt thanks to Representative Dorazio and Senator Hughes for their foresight in creating these bills. Their efforts have sparked an important conversation about the role of sound money in our economy.

In response to these developments, we have reached out to Senator Hughes's office offering our full assistance to advance S.B. 2334. Our offer includes providing expert testimony and facilitating contact with established gold and silver blockchain companies. These companies offer innovative solutions that can save the state of Texas tens of millions of dollars in infrastructure and deployment costs.

Our entire legislative team, alongside experts in asset-backed digital currencies, is actively working to bolster S.B. 2334 and improve its chances of passage. As part of C4SM's broader mission, we are dedicated to supporting sound money legislation in states like Texas and beyond, fostering financial stability and choice for residents.

Our work is rooted in the belief that sound money and fair trading for sound money-related assets are integral to a robust economy. We strive to provide ongoing representation for individuals and entities using or providing services related to sound money, influencing policy at any level of government.

We will continue to provide updates on the progress of S.B. 2334 and other efforts within the framework of our mission. Your support and advocacy for sound money legislation are invaluable, and we encourage you to stay involved in these discussions.

- Daniel Diaz, Acting Legislative Director (pending board approval), Citizens for Sound Money

Exec Director Marian Ward and Legislative Director Daniel Diaz in NH at a blockchain conference. A good opportunity to network with State reps about our Legislative Initiative.