Texas Governor Greg Abbott has signed a bill making gold and silver legal tender for “day-to-day financial transactions,” effective May 1, 2027. This move, which some residents view skeptically, allows the use of precious metals based on their comptroller-determined value, but does not mandate their acceptance. The law coincides with Texas’s push for a state strategic Bitcoin reserve, signaling a broader interest in alternative currencies.
Texas Legalizes Gold, Silver as Tender
