Federal Reserve
South Carolina Bill Would Ban use of a CBDC as Money in the State
COLUMBIA, SC. (May 3, 2023) – A bill introduced in the South Carolina House would expressly exclude a CBDC from the definition of money in South Carolina, effectively banning its use as such in the state. A group of 20 representatives led by Rep. Kathy Landing...
Maine Committee Passes Bill to Make Gold and Silver Legal Tender in the State
AUGUSTA, Maine (April 18, 2023) – Last Wednesday, a Maine committee approved a bill that would make gold and silver legal tender in the state. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the...
Florida Bill Would Ban Use of a Central Bank Digital Currency in the State
TALLAHASSEE, Fla. (March 29, 2023) – A bill introduced in the Florida House would ban the use of central bank digital currency (CBDC) in the state. Rep. Wyman Duggan (R) brought House Bill 7049 (H7049) to the House Commerce Committee on March 28, and the...
New Jersey Bill Would Take Small Step Toward Treating Gold and Silver as Money
TRENTON, N.J. (Mar. 27, 2023) – A bill introduced in the New Jersey Assembly would exempt gold and silver bullion coins from state sales and use taxes. Passage of this bill would not only relieve some of the tax burdens on investors, but it would also eliminate one...