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Committee hears bill to recognize gold and silver as legal tender, and to exclude CBDC; regulators warn of banking, tax and consumer risks
Summary
Representative Nathan Thalmann, District 34, introduced House Bill 1441 to define gold and silver as legal tender and to define specie and central bank digital currency.
Representative Nathan Thalmann, District 34, introduced House Bill 1441 to the Industry, Business and Labor Committee, saying the measure "seeks to define gold and silver as legal tender" and to define terms including "specie" and central bank digital currency (CBDC). Thalmann told the committee the bill is not intended to create state currency and that he would offer an amendment to prevent anyone from being compelled to accept specie in ordinary transactions.
Citizen supporter Patrick Hansen testified that the bill would protect residents from a prospective CBDC and offer private options to hold and spend gold or silver. "I believe Utah, Indiana, and Florida ... are considering it also," Hansen said, and…
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