Overview

• The Missouri General Assembly passed a bill designating gold and silver as legal tender for state taxes and debts, now awaiting Gov. Mike Kehoe's review.
• If signed, the law would mandate state entities to accept electronic specie currency but allow private businesses to decide whether to accept gold and silver payments.
• The bill, part of the 'Constitutional Money' movement, is framed by supporters as a hedge against fiat inflation and a restoration of economic freedom.
• Critics, including some lawmakers, question the practicality of implementation, particularly for private businesses, citing potential logistical challenges.
• The Missouri Department of Revenue would need to establish rules for implementation before the law's proposed August effective date if approved.