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IPFS News Link • Kansas

Kansas Bill Would Make Gold and Silver Legal Tender While Pushing Back Against CBDC

•, John Birch and Peter Schiff

House Bill No. 2405 (HB 2405), titled the Kansas Legal Tender Act, is introduced by the House Committee on Federal and State Affairs.

If enacted, HB 2405 would officially recognize gold and silver coins as legal tender and eliminate capital-gains taxes on gold and silver — thus bringing Kansas closer to constitutional compliance and treating gold and silver as money. Furthermore, HB 2405 includes a provision that would allow non-U.S.-minted gold and silver coins to be recognized as legal tender, further weakening Fed control.

HB 2405 is a great first step toward enforcing the Constitution's monetary provisions. Article I, Section 10, of the U.S. Constitution plainly states that "No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts." It's long overdue that states begin to enforce this provision once again.