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Republican Florida Gov. Ron DeSantis signed HB 999 in May, making gold and silver a form of legal tender within the state.
Florida is amongst a handful of states, including Texas, Arkansas, and Missouri, that have passed legislation making gold and silver a form of legal tender, according to an email received by Poll2Action from the Pro-Family Legislative Network. The bill will go into effect on July 1, 2026.
The legislation states that, to be recognized as legal tender, gold and silver must meet 99.5% and 99.9% purity respectively, according to Business Insider. (READ MORE: Texas Moves To Legalize Gold & Silver As Legal Tender)
“We are going to utilize our authority under the Constitution in the state of Florida to make sure that gold and silver are recognized as proper legal tender. So you’re going to be able to conduct transactions in gold, conduct transactions in silver,” said DeSantis following the bill’s passage. “That means these precious metals can start functioning like real currency again, not just investment vehicles for the wealthy.”
Read HB 999 In Full
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