Individual US States push for gold and silver legalization

searcher said:

Sound Money Advocates in Wyoming Introduce Bill to Establish Gold Reserve​

Lawmakers in Wyoming have introduced legislation today to create the “Wyoming Gold Reserve.” www.soundmoneydefense.org

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Legislation approved to enact gold, silver as legal tender in Florida​

A bill that enacts prior approval to make gold and silver coins legal tender in Florida is headed to Gov. Ron DeSantis.

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Direct link to bill:


Read bill as pdf:

State Legislatures Continue to Reject Big Government “Transactional Gold” Boondoggles​

(March 17, 2026 – Charlotte, NC) – Kansas, Arizona, West Virginia, Indiana, and Kentucky are the latest states to reject elaborate government-run “transactional gold” schemes this legislative session.

These failed measures are increasingly being recognized as unwise policy that harms free-market competition, involves a large new government program, and serves only narrow vendor self-interests.

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A new gold rush: States stockpile bars, encourage gold-backed debit cards​

More states are piling up gold bars, or encouraging residents to use gold-backed debit cards, to hedge against inflation.

Several states, including Western ones with rich mining histories, have been stockpiling gold as part of their broader state savings. And more states are looking to follow the lead of Texas and Florida by passing so-called transactional gold laws that would invite consumers to save and spend gold through their own accounts.

Critics question the need for these bills and some have panned them as potentially market-disrupting measures that could ultimately provide tax havens for the wealthy. But proponents say they can help bring gold to the masses and provide ordinary consumers an important protection against the creep of inflation, since gold has generally increased in value over time.

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I like to see more discussion of gold as money in the public sphere.

Kansas Legislature creates state capital-gains tax exemption for investors in gold, silver​

References to ‘Wizard of Oz’ aside, skeptics warn all that glitters isn’t gold​

TOPEKA — Republican Sen. Michael Murphy sold the Kansas Legislature on granting investors in gold and silver an exemption from state capital gains tax by noting the insightful allegory about monetary policy woven into “The Wonderful Wizard of Oz.”

Murphy, who represents the Sylvia area near Hutchinson, fought the past three years as a member of the House and now the Senate to pass a bill declaring gold and silver coin or bullion to be legal tender in Kansas. Under House Bill 2515, forwarded to Gov. Laura Kelly, future transactions conducted with the two precious metals wouldn’t be subject to the state income tax nor be eligible for assessment of sales or property taxes.

Comments from skeptical legislators about rewarding investors with the tax break prompted Murphy to delve into L. Frank Baum’s story about a young Kansan swept away by a tornado to the Land of Oz. With a dog, Toto, she traveled with Scarecrow, Tin Man and Cowardly Lion on the Yellow Brick Road. Children have been taught the book was a tale about an individual’s bond with home, the value of friendship and discovering inner strength.

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Texas Gold: Lawsuit Challenges State's Ability to Issue Commemorative Coins​

A recent federal lawsuit doesn’t dispute the value of a gold bullion coin, but questions who has the right to put the image of Texas on its face.

Texas Precious Metals, a Texas company based in Shiner with its own private precious metal bullion brand, has sued Acting Comptroller of Public Accounts Kelly Hancock for infringing on its intellectual property rights and exceeding his statutory authority in operating the Texas Bullion Depository by offering its own gold and silver coins.

A preliminary injunction hearing is scheduled for April 16 in the U.S. District Court in Austin with U.S. District Judge David Ezra presiding.

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I skimmed that report and IMO the lawsuit has merit, but this sentence:

Article I, Section 10 of the United States Constitution prohibits states from coining money.

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Say what?

You mean this Article 1 sec 10;

SECTION. 10
No State shall enter into any Treaty, Alliance, or Confedera-
tion; grant Letters of Marque and Reprisal; coin Money;
emit Bills of Credit; make any Thing but gold and silver
Coin a Tender in Payment of Debts; pass any Bill of At-
tainder, ex post facto Law, or Law impairing the Obligation
of Contracts, or grant any Title of Nobility.

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