Texas Recognizes Gold and Silver as Legal Tender, Launches State Digital Currency
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Texas Legal Tender Law: Texas has enacted a law recognizing gold and silver as legal tender for transactions, allowing their use in daily payments alongside the U.S. dollar, with oversight from the State Comptroller’s office.
Digital Currency Backed by Precious Metals: The legislation introduces a digital currency fully backed by gold and silver stored in the Texas Bullion Depository, providing residents with an alternative to fiat currency while adhering to state and federal regulations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
