Texas Republican lawmaker introduced a bill on Wednesday to the state’s House of Representatives that would create a new body to conduct “a thorough evaluation” of Texas’ ability to launch its own currency “in the event of a collapse of the United States dollar.”
House Bill 4857, proposed by State Representative Andy Hopper, would establish the Texas Fiscal Risk Management Commission, which would be required to produce a report examining the feasibility of a state-backed currency. It would also investigate fiscal transfers between Texas and the federal government.
Newsweek reached out to Hopper for comment on Thursday via the online inquiry form on his official website, outside of regular office hours.
Read The Full Story: https://www.newsweek.com/texas-could-get-its-own-currency-under-new-proposal-2044053
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Why not just clear regulations to encourage the use of a non-state backed sound money like bitcoin?