Lates News

On Tuesday local time, Governor Ron DeSantis of Florida signed legislation recognizing gold and silver as the state's legal tender. He described this move as a way to protect Floridians from the devaluation of the US dollar. This legislation establishes a legal framework recognizing certain gold and silver coins as legal tender in Florida, exempting them from sales taxes, regulating their custody, and allowing them to be used in transactions (subject to approval by the legislature to implement rules). DeSantis said the bill authorizes the cashing of checks or payments through institutions like PayPal using gold and silver. DeSantis emphasized, "This means these precious metals can once again function as real currency, not just as tools for the wealthy to invest in." DeSantis also criticized the federal government's spending, likening the plight of "DOGE and Musk" to "fighting against the swamp." DeSantis stated, "It's the end of May and Congress hasn't implemented a single penny of DOGE (budget) cuts! DOGE fighting the swamp so far, the swamp won."