Texas Governor Greg Abbott has signed House Bill 1056, making gold and silver legal tender in the state starting May 1, 2027. The law allows residents to use precious metals for everyday transactions based on values determined by the state comptroller.
While the legislation recognizes gold and silver as payment options, it doesn’t require businesses to accept them, and Federal Reserve notes remain valid. This move, along with Texas’s approval of a Bitcoin reserve, represents the state’s exploration of alternative currency options beyond traditional U.S. dollars.
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