How are American states utilizing Article One, Section Ten of the United States Constitution to authorize gold and silver as currency?

Jason Cozens
Replied byJason Cozens

Founder & CEO at Glint Pay

Niche: Finance
Revenue: Approx. USD 350,000/month
Location: London, England, United Kingdom
Started: 2015

State legislators recognize the dangers of uncontrolled federal deficits, currency debasement, and the potential overreach of central bank digital currencies. Under Article One, Section Ten of the United States Constitution, individual states are explicitly prohibited from issuing their own paper fiat currencies, but they are constitutionally permitted to make gold and silver coins legal tender. States are exercising this constitutional authority to provide their citizens with an authorized monetary lifeboat.

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