Florida signs bill recognizing gold and silver as legal tender
2025-05-27 20:30:51
On May 28th, local time on Tuesday, Florida Governor Ron DeSantis signed legislation recognizing gold and silver as legal tender in the state, a move he said was to protect Floridians from the devaluation of the dollar. The legislation establishes a legal framework that recognizes certain gold and silver coins as legal tender in Florida, exempts them from sales taxes, regulates their custodians, and allows for the arbitrary use of gold and silver coins in transactions (subject to legislative approval to implement rules). DeSantis said the bill empowers payment institutions such as check cashing or PayPal and accepts payments for gold and silver. "This means that these precious metals can once again start to function like real money, not just an investment vehicle for the wealthy," DeSantis noted. DeSantis also criticized the US federal government's spending practices, likening DOGE and Musk's predicament to "fighting the swamp". "It's the end of May and Congress hasn't implemented a penny of DOGE [budget] cuts! DOGE fought the swamp, and so far, the swamp has won," DeSantis said. < br > < img src = "https://flash-scdn.jin10.com/9e45000f-8e69-4de4-832f-bbafd67b6820.png" referrerpolicy = "no-referrer" >
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