The Utah House unanimously passed HB306, a bill to establish a state-backed electronic payment...
Political Twist: Governor Vetoes Utah’s Gold Payment Bill
Despite the legislature’s enthusiasm, Governor Spencer Cox issued a veto against HB306, citing concerns about the operational challenges of integrating a precious metals payment system into the current state accounting infrastructure. The decision ended Utah's immediate path toward vendor payments in gold. Advocacy groups like Utah Eagle Forum initiated campaigns urging lawmakers to override the veto, arguing it was a step backward from a historic opportunity to expand financial freedom.
