Texas Signs Law Declaring Gold and Silver as Legal Tender
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Texas Legalizes Precious Metals: Governor Abbott has signed House Bill 1056, making gold and silver legal tender in Texas starting May 1, 2027, marking a significant shift towards alternative financial methods.
Mixed Reactions and Potential Impact: While advocates of precious metals celebrate the law, banking lobbyists express concerns about its regulatory implications; this move may also influence interest in asset-backed cryptocurrencies.
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.
