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Florida signs bill recognizing gold and silver as legal tender

Internet reported that on Tuesday local time, Florida Governor Ron DeSantis signed legislation recognizing gold and silver as the state's legal tender, a move he said was to protect Floridians from the devaluation of the U.S. dollar. The legislation established a legal framework that recognized certain gold and silver coins as legal tender in Florida, exempted sales taxes, regulated their custodians, and allowed the arbitrary use of gold and silver coins in transactions (subject to legislative approval of implementing rules). DeSantis said the bill authorizes payment institutions such as check cashing or PayPal and accepting payments in gold and silver. "This means that these precious metals can once again start to function like real money, rather than just investment vehicles for the rich," De Santis pointed out. De Santis also criticized the spending behavior of the U.S. federal government, likening the dilemma of "DOGE and Musk" to "fighting the swamp." De Santis said,"At the end of May, Congress has not implemented a penny of DOGE (budget) cuts! DOGE fights the Swamp and so far, the Swamp has won."

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