Federal Reserve
Maine Senate Passes Bill to Remove Sales Tax from Gold and Silver Bullion
AUGUSTA, Maine (May 17, 2023) – Yesterday, the Maine Senate approved a bill that would create a sales tax exemption on the sale of gold and silver bullion. Passage into law would relieve some of the tax burdens on investors and eliminate one barrier to using gold and...
Texas House Passes Measure to Put Right to Choose Medium of Exchange in State Bill of Rights
AUSTIN, Texas (May 15, 2023) – Last week, the Texas House passed a resolution that would place a state constitutional amendment on the ballot supporting the right of the people to use to any mutually-agreed upon medium of exchange, including cash, bullion,...
Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State
COLUMBUS, Ohio (May 15, 2023) – A bill introduced in the Ohio House would expressly exclude a central bank digital currency (CBDC) from the definition of money in the Uniform Commercial Code (UCC), effectively banning its use as such in the state. Rep Jennifer Gross...
South Carolina Bill Would Exclude CBDC from Definition of Money in the State
COLUMBIA, S.C. (May 15, 2023) – A bill introduced in the South Carolina House would expressly exclude a CBDC from the definition of money in South Carolina, creating potentially significant roadblocks to its use as such in the state. A group of 41 representatives led...