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Texans now allowed to pay with gold and silver

Section: Daily Dispatches

By James Bickerton
Newsweek, New York
Wednesday, July 2, 2025

Texans are to be allowed to pay with with gold and silver for everyday transactions after Gov. Greg Abbott signed House Bill 1056 into law. The law, which was championed by Republican state Rep. Mark Dorazio, designates the precious metals as legal tender in the state.

Texans will be able to use their gold and silver holdings, stored in the state's bullion depository, for payments through electronic systems such as mobile apps or debit cards.

... Dispatch continues below ...


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Thursday, June 26, 2025

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... For the remainder of the announcement:

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The provision comes after legislative debate, and takes effect on May 1, 2027, enabling transactions based on the state comptroller's valuation of the metals at the time of sale. ...

... For the remainder of the report:

https://www.newsweek.com/texans-can-pay-using-gold-silver-2093585

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