Texas law makers have overwhelmingly voted in favor of updating the state's Bill of Rights to include the right of people to own, hold, and use digital currencies. Known as Bill HJR 146, this has been introduced by State Representative Giovani Capriglione and passed with 139 'yes' votes and only two against.This latest amendment makes the Texas Bill of Rights similar to the U.S. Bill of Rights as they protect citizens fundamental freedoms such as freedom of speech, religion, and the press. It has also added the right to use cryptocurrencies such as Bitcoin and also gives citizens the right to use money substitutes as it provides financial privacy.

This bill also seeks to protect Texan citizens from the unstability of the dollar and the risk of their wealth being depleted. This on top of the financial privacy, given that a CBDC would mean that all financial transactions must be subject to scrutiny of government officials, competitors and employers. Senator Ted Cruz last month highlighted the risks associated with the introduction of CBDC and how it could possibly lead to the devaluation and confiscation of wealth.

The Texas Constitutional Enforcement group has furthered the support of this Bill, by emphasizing the need for people to maintain a certain level of financial independence and autonomy. Thereby enabling them to make a decision on what kind of financial exchange best suits their needs, whether it be cash, coin, bullion, digital currency or scrip.

By incorporating the right to own, use and hold digital currencies into the Bill of Rights, Texans will be assured that they have the right to choose what works best for them when participating in financial activities. This will also provide them with the assurance that their wealth is securely protected, whilst also maintaining their financial privacy with every transaction they make.



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