USA Legislation
The Sound Money Movement is a political and economic movement which opposes central bank manipulation of currencies and believes that a gold or silver-based currency has greater stability. The movement supports precious metal legislation in the United States.
Three-Step Legislative Strategy
- Establish gold and silver as legal tender
- Create a State precious metals depository
- Add a digital token backed by depository
States where gold and silver are legal tender (gold)
States with pending legislation in 2023 (blue)
3) Previous Depository Legislation
Fifteen States have submitted gold depository bills since I released the first version of my Digital Token white paper.
Texas Bullion Depository Bill - Signed into law in 2015 to create a State bullion depository.
2023: Tennessee Depository SB150 - Establish a precious metals depository.
2023: Mississippi SB2966 - Establish the Mississippi bullion depository
2023: Missouri HB718 - Create the “Missouri Bullion Depository.”
2023: North Carolina H721 - State Precious Metals Depository Study
2023: Idaho H0180 - Invest in precious metals held in a secure depository
2023: Oklahoma SB 816 - Establish a State Treasury Depository
2023: Montana HB0884 - Authorizes a media of exchange using gold
2024: Florida H697 - State Legal Tender and Bullion Depository
2024: Louisiana SB485 - The Louisiana Gold and Silver Currency Platform
2024: West Virginia SB749 - Establish the West Virginia Bullion Depository
2024: Arizona SB1633 - Establish Bullion Depository and Gold-Backed Currency
2024: Kansas HB2729 - Enacting the Kansas bullion depository act;
2024: Iowa HF2228 - Establish a currency based on gold in a bullion depository
2024: New Hampshire H1674 - Establishes a state depository
2024: Utah HB348 - protect state funds with physical gold and silver
Digital Token Legislation:
2023: Wyoming SF0127 - Wyoming Stable Token Act.
2024: New Jersey AB 385 - potential blockchain digital payment platform
2024: Rhode Island H7817 - Commission To Study Blockchain And Cryptocurrency
Impedence-Matched Token
Creating the Euro was like harnessing a horse, a mule, a dog and a turtle to pull a wagon. A "one size fits all" strategy creates stresses because regions (States) have different histories, resources, skill levels, goals. Most economic transactions are within a regional sphere and State tokens would be controlled regionally.