Texas Governor Signs Landmark Gold & Silver Legal Tender Law
Texas has taken a bold step toward monetary diversification with Governor Greg Abbott's signing of a law recognizing Gold and silver as legal tender. Effective June 29, 2025, the legislation allows—but does not require—merchants to accept precious metals for everyday transactions. This voluntary adoption framework ensures a gradual, market-driven implementation across the state.
The move aligns with Abbott's longstanding advocacy for alternative currencies, though operational details remain fluid. Financial markets are reacting cautiously, with analysts watching for potential ripple effects in cryptocurrency and commodity sectors. Precious metals' new status could reshape Texas' economic landscape, though immediate fiscal impacts appear limited.
