The Texas Legislature Includes Digital Currency in the State’s Bill of Rights
On May 11th, legislators in Texas enacted a landmark amendment that ensures citizens of that state have the legal right to “own, hold, and utilise digital currency.”
State Representative Giovani submitted HJR 146, which upholds people’s freedom to do business and make legal commitments using whatever medium of exchange they want, whether digital currency, cash, coins, bullion, or scrip. The law specifies that this basic freedom is immune to being violated.
According to the paper, Governments must not make it illegal or difficult to possess any quantity or kind of money or other currencies. There were 139 yes votes and 2 no votes for the document.
Freedom of speech, religion, and the press are all guaranteed in the Texas Bill of Rights, as they are in the United States Bill of Rights, but there are also several clauses unique to Texas. Both the right to a speedy trial and the freedom to keep and bear weapons for protective reasons fall under this category.
If the most recent revision to the Texas Bill of Rights is adopted and signed into law, Texans would have the express right to use cryptocurrencies such as Bitcoin and other digital currencies. This right would be in addition to the protection of already existing basic rights.
On Thursday, May 11, HJR 146 was scheduled for a final vote in the House before moving on to the Senate and ultimately being submitted to a vote by the people, according to Tom Glass, founder of the Texas Constitutional Enforcement organisation.
Glass said that the measure will be used to exercise the freedom to own, hold, and use digital currency already included in the Texas Measure of Rights. Invoking the U.S. Constitution’s Ninth Amendment as legal justification, this addition will be utilised in federal court proceedings.
The Ninth Amendment recognises additional basic rights that go beyond those stated in the first eight amendments.