The Texas House of Representatives is seeking a new amendment that extends the Bill of Rights to crypto assets.
According to Tom Glass, a former House nominee, the House voted 139-2 to add a new clause to the Texas Bill of Rights that would prevent the government from infringing on the right to own, hold, and use mutually agreed upon mediums of exchange, including digital assets.
The new provision reads,
“The right of the people to own, possess and use any mutually agreed medium of exchange, including cash, coins, bullion, digital currency or scrip, in the trading and contracting of goods and services must not be violated. No government shall prohibit or encumber ownership or possession of any form or amount of money or other currency.”
Glass says the bill, drafted by Representative Giovanni Capriglione, needs one more vote in the House before it passes to the Texas Senate.
Glass also heads Texas Constitutional Enforcement, a group dedicated to stopping alleged unconstitutional acts.
According to the group, people being forced to use financial institutions instead of the currency of their choice help create a police state.
“Being forced to use financial services instead of storing and using the currency of choice builds the police state because it empowers governments to:
- Review any financial transaction you make that violates any right to financial privacy.
- Easily confiscate the wealth of Texans via Cyprus-style bail-ins or CBDC (central bank digital currency) expiration.
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