In 2015, Governor Abbott signed a bill to establish a gold bullion depository in Texas, repatriating $1 billion of gold from New York. In 2023, bills to create a gold-backed digital currency failed to pass. The Texas gold-backed digital currency will work similarly to GLINT and other states are also moving toward a gold-backed digital currency. Governor Abbott emphasizes the importance of protecting Texas residents and urges people to educate themselves on the issue and lobby their representatives to support the Texas Gold-Backed Digital Currency bills.
Tag Archives: gold-backed digital currency
How much Crypto can you carry in your pocket?
Those Texas senators who feared a ‘digital currency’ are unfamiliar with the difference between a crypto digital currency and a gold-backed digital currency.
Former Texas legislator Tom Glass, now a candidate again for House District 17 (HD 17), understands the Texas gold-backed digital currency and labors to get it passed in a (miracle) Special Session this year.
John N. White 