TEXAS LEGISLATURE JOINS GROWING MOVEMENT FOR CONSTITUTIONAL REJECTION OF GLOBAL CURRENCY AGENDA

Transactional Gold and Silver Can Trump Central Bank Digital Currency Tyranny

The Sovereignty Coalition
***PRESS RELEASE***

For Immediate Release
June 12, 2025

CONTACT: For general information contact, info@sovereigntycoalition.org;
For media inquiries contact, office@windhovermedia.com

WASHINGTON, D.C.—On June 1st, the Texas State Legislature approved and sent to Governor Greg Abbott for his signature House Bill 1056, which would make gold and silver “functional money” in Texas. If he signs it, the Lone Star State will be the fourth in the nation – joining Arkansas, Missouri and Florida – in taking advantage of authority conferred by Article 1, Section 10 of the United States Constitution that allows states to make gold and silver coin legal tender.

By so doing, states are able to offer a hard-asset-backed alternative to fiat currency – and, importantly, to Central Bank Digital Currencies (CBDCs) like those being pursued by the Federal Reserve and its counterparts elsewhere around the world. A number of other states have had similar legislation under consideration this year and are expected to approve transactional gold and silver authority in their next sessions.

This initiative is an extraordinary example of legislators responding to popular demand following the publication of Pirate Money:Discovering the Founders’ Hidden Plan for Economic Justice and Defeating the Great Reset by Kevin Freeman, CFA, host of “Economic War Room with Kevin Freeman.” Freeman, a member of the Sovereignty Coalition, inspired and led grassroots activists and ordinary citizens across the country in pressing their state representatives to consider and act on his prescription for making gold and silver accessible and useable for an estimated 90% of the U.S. population that currently are not taking advantage of the hedge such metals represent to inflation and governmental actions devaluing the dollar.

Of particular importance for the Sovereignty Coalition and others opposed to globalist schemes to erode national sovereignty and individual freedoms is the protection transactional gold and silver can offer should the U.S. government follow China, Australia, Canada, and possibly soon the European Union in adopting a CBDC. Such a digital currency would allow individuals’ use of their funds to be restricted or even denied altogether at the whim of central bankers or other government entities. That is clearly an unacceptable arrangement, but it is a tyranny to which Americans will be condemned – in the absence of state-issued transactional gold and silver currencies – as the Federal Reserve moves to reduce or eliminate the use of cash.

At this writing, Governor Abbott has not declared whether he will sign HB 1056. And it is an open secret that the banking lobby, having failed to prevent the Texas legislature from adopting it, has mobilized to press him to veto this important legislation. The bankers’ lobbyists evidently fail to appreciate that their clients stand to benefit from being involved in the transactions the bill will make possible and that their industry – and most especially smaller banks – are likely to be very negatively impacted by CBDCs.

As noted by State Shield, a state policy organization led by Sovereignty Coalition member Joe Gebbia and that has played an important role in securing approval of HB 1056 and similar legislation in other states:

Transactions can be easily conducted using [an app like Glint or similar with a debit card] issued through current banks, which will manage the established transaction fee. This will not detract from banks’ business; rather, it presents an excellent opportunity for them to expand their customer base by providing a competitive way to buy gold.

Banks can use quality deposits as part of their reserves, which historically do not depreciate, thus reducing financial stability risks—unlike issues seen with Silicon Valley Bank when interest rates rose.

The Sovereignty Coalition urges Governor Abbott to join his counterparts in Arkansas, Missouri and Florida in enabling their constituents and others to benefit from making transactional gold and silver legal tender and a godsend for those negatively impacted by the declining value of the dollar and the threat of a U.S. Central Bank Digital Currency.

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