Skip to content

Florida House Bill Seeks Gold and Silver as Legal Tender

Florida's House Bill 697 aims to establish gold and silver as legal tender in the state alongside electronic currencies. The bill proposes that bullion, like gold and silver, should not be taxed as personal property, and it calls for the creation of a state-managed bullion depository. This depository would allow both government entities and the state treasury to store bullion, and the CFO would oversee the creation of electronic currencies backed by specie (gold and silver). The bill also includes provisions to hold these metals in bailment for specified uses.