A.G. Gancarski
While the war between the House and the Governor has been a big talking point this year, Ron DeSantis says he would support a House bill to make gold and silver legal tender.
“Yes, I would,” DeSantis said in Destin when asked if he would back HB 999, passed last week by the House.
The legislation would remove sales tax for “coins or currency sold, exchanged, or traded based on precious metal content,” per a bill summary from the House. It also would exempt gold or silver coins from sales tax and would allow governmental entities to accept them as legal tender.
Additionally, it would establish guidelines for custodians of these instruments and establish consumer protections.
Businesses could opt out of this scheme if they wanted to.
The legislation would also define gold and silver as monetary instruments.
Former Chief Financial Officer Jimmy Patronis launched a study on gold and silver as currency while running for Congress. While DeSantis has yet to pick a new CFO, he’s picking one of the former office holder’s policies to champion.
7 comments
Michael K
April 28, 2025 at 12:38 pm
What a maroon. That ship sailed ago. Stop dragging us backward. Pandered g to the Fox “ news” crowd
JD
April 28, 2025 at 12:48 pm
Recognizing gold and silver as legal tender may sound appealing, but it raises serious legal, practical, and economic concerns. This proposal seems less about sound policy and more about advancing a political narrative against federal monetary authority. It deserves far more scrutiny than it’s currently getting. I think this nothing more than “sandbox test” of a Project 2025 idea or worse, a Russian idea. Remember they said our dollars are basically “candy wrappers”. We going to take Crypto next at Publix for our pubsubs??
This is a federal function and who would use a gold coin with a low face value to pay the State of Florida?
April 28, 2025 at 12:59 pm
Lunacy. The Constitution of the United States grants Congress authority over the currency of the United States, encompassing the powers to mint money and determine its value. Additionally, Congress has the authority to establish banks and manage the circulation of money. A corresponding power to the creation of currency is the regulation of counterfeit currency.
The Powers of Congress: Article I, Section 8
Article I, Section 8 of the Constitution enumerates Congress’s powers. The powers regarding currency include the following:
“The Congress shall have the power to . . .
[5] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
[6] To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”
Congress also has the power to regulate commerce with foreign nations and between the several states. Moreover, it can borrow money on credit for the United States.
Made in China
April 28, 2025 at 1:06 pm
Crypto is a fraud, their are only 1 million more coin to be mined ,the false Crypto only net value of 2.1 trillion dollars Google Crypto Are Finite
MarvinM
April 28, 2025 at 2:07 pm
I’m perhaps more concerned about the provision in the bill to exempt sales tax on sale of gold and silver coins. Makes me kinda wonder who is pushing this and why.
Also concerned about how much less revenue will then be coming into the state, at a time when that’s already being hit hard by declining tourism and the as-yet-to-be-realized impact of the tariffs.
During the last economic crisis, one thing the State of Florida and counties and municipalities did was increase fees. Sometimes by a lot. One example, the corporation reinstatement fee went from about $50 to $400 (went through that with my then small business, and it killed it). Vehicle registration fees increased. Traffic violation fees increased. But DeSantis doesn’t care, it won’t be his problem. (I wouldn’t be surprised if, after he is out of office, he and his family move to Texas).
Risky Florida Business
April 28, 2025 at 2:10 pm
Desantis Casino,paying Floridian in Bitcoin Google Florida Pension Bitcoin Google Florida Bank Failure Tariffs Risk
Risky Florida Business
April 28, 2025 at 2:14 pm
Congress has not recognized Bitcoin as a currency,meaning Bitcoin are unconstitutional,and should be ruled illegal by the court