DeSantis Signs Historic Law: Floridians Can Now Pay Bills with Precious Metals
Florida has become the first major US state to allow gold and silver as legal tender for everyday transactions.
Governor Ron DeSantis signed HB 999 into law, enabling money service businesses like PayPal to accept precious metals as payment.
The law requires coins to meet specific purity standards and exempts them from sales tax. DeSantis positioned this move as a way to protect Floridians from inflation and federal monetary policy, giving residents an alternative to the US dollar.
The legislation represents Florida’s push for greater financial freedom and reduced dependence on centralized currency control.
