Missouri Governor Signs Landmark “Constitutional Money Act” into Law

Jefferson City, MO — Governor Mike Kehoe made history by signing the Constitutional Money Act, a sweeping new law that re-establishes gold and silver as legal tender in the state of Missouri. The legislation positions Missouri at the forefront of a growing national movement to restore constitutional, asset-backed currency as a viable alternative to fiat money.

What the Law Does:

• Legal Tender Recognition
  Gold and silver, both in physical and digital forms (known as specie legal tender), can now be used to pay taxes, fees, and other public debts in Missouri. Private transactions in precious metals are also protected under the law.

• Capital Gains Tax Relief
  Missouri will eliminate capital gains taxes on the sale or exchange of gold and silver, treating them as money rather than taxable property.

• Defensive Measures Against Centralization
  The law prohibits state agencies from participating in any federal attempt to confiscate gold or silver or implement a Central Bank Digital Currency (CBDC).

• Precious Metal Reserves for the State Treasury
  Missouri’s Treasurer is now required to hold at least 1% of state reserves in gold or silver, a forward-looking fiscal safeguard against inflation and monetary instability.

Enter the Transactional Gold Movement

This legislation is a major win for the growing Transactional Gold movement, which seeks to make precious metals usable in everyday transactions through modern technology. It reflects the vision laid out in Kevin Freeman’s influential book, Pirate Money, which inspired lawmakers to revisit Article I, Section 10 of the U.S. Constitution—the clause allowing states to recognize gold and silver as legal tender.

The Pirate Money team has been instrumental in educating lawmakers and citizens across the country about the dangers of unbacked currency and the benefits of restoring monetary integrity. Their work in Missouri—providing policy frameworks, legislative resources, and grassroots engagement—helped lay the foundation for today’s signing.

“This is more than a policy win,” said Freeman. “It’s a declaration that people deserve financial tools rooted in value—not debt. Missouri is helping lead the way.”

A National Trend Gains Speed

Missouri becomes the eighth state to adopt legislation making gold and silver legal tender, joining Utah, Wyoming, Arkansas, Oklahoma, Louisiana, Idaho, and Alabama. Each state is building on the vision of currency that can’t be manipulated or digitally controlled by centralized authorities.

What’s Next?

The Constitutional Money Act goes into effect in August 2025, giving state agencies time to establish frameworks for accepting gold and silver payments, including through emerging technologies like bullion-backed debit cards and payment apps.

Meanwhile, the Pirate Money / Transactional Gold team continues its mission—working to ensure that everyday Americans can spend, save, and safeguard their wealth with real, inflation-resistant currency.