Florida signs bill recognizing gold and silver as legal tender

According to a report by Golden Finance, on Tuesday local time, Florida Governor Ron DeSantis signed legislation recognizing gold and silver as the state's legal tender. He stated that this move is aimed at protecting Florida residents from the impact of the depreciation of the US dollar. This legislation establishes a legal framework that recognizes certain gold and silver coins as legal tender in Florida, exempts them from sales tax, regulates their custodians, and allows for the arbitrary use of gold and silver coins in transactions (subject to legislative approval to implement rules). DeSantis said that the bill authorizes payment institutions such as check cashing or PayPal to accept payments in gold and silver. DeSantis pointed out that "this means that these precious metals can once again begin to function like real currencies, rather than just investment tools for the wealthy." DeSantis also criticized the spending behavior of the US federal government, likening the predicament of "DOGE and Musk" to "fighting the swamp. DeSantis said, 'At the end of May, Congress did not implement a single penny of DOGE (budget) cuts!'! DOGE fought against the swamp, and so far, the swamp has won