Florida, USA signs a bill recognizing gold and silver as legal tender.

According to Gate News bot, as reported by Jin10, on Tuesday local time, Florida Governor Ron DeSantis signed a legislation recognizing gold and silver as legal tender in the state, stating that this move is to protect Floridians from the impact of the devaluation of the dollar.

This legislation establishes a legal framework that recognizes certain gold and silver coins as legal tender in Florida, exempts them from sales tax, regulates their custodians, and allows the arbitrary use of gold and silver coins in transactions (subject to the approval of the Legislature to implement the rules).

DeSantis said the bill authorizes check cashing or payment institutions like PayPal and accepts payments in gold and silver. DeSantis pointed out, "This means these precious metals can start to function again like real currency, not just investment tools for the wealthy."

DeSantis also criticized the spending behavior of the U.S. federal government, likening the plight of "DOGE and Musk" to "fighting the swamp." DeSantis said, "It's the end of May, and Congress hasn't implemented a penny of DOGE (budget) cuts!" DOGE fights the swamp, and so far, the swamp wins. ”

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)