It seems as though politicians in the country are keen on making Texas the center of digital assets.
The Republican Party of Texas has recently announced that it would be adding a clause that would allow Texans to own, hold, and use any form of money, including digital assets and cryptocurrency.
According to the official document, the GOP will be seeking to ensure financial freedom in Texas by granting the ability for its citizens to choose their preferred medium of exchange, such as Bitcoin (BTC), Ethereum (ETH), and other altcoins, as well as bullion, gold and silver coins.
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The politicians commented on the initiative and stated that this plan would provide more flexibility, as people using various services will not be forced to use a particular currency dictated by global organizations. The official report read:
“No government shall prohibit or encumber the ownership or holding of any form or amount of money or other currency. Explicit protections [are needed] for the natural right of Texans to keep and exchange and store their wealth in the mediums of exchange of [their] choice.”
Last year, Ted Cruz, the United States senator for Texas, mentioned that he plans to transform Texas into a safe house where people will be able to use Bitcoin (BTC) and other cryptocurrencies as they wish.
In fact, Texas isn’t the only country that is seeking full crypto adoption. For instance, back in May, Russia was also planning to legalize payments in cryptocurrencies in the upcoming future.
In other news, at the beginning of July, the Central African Republic (CAR) fired up its crypto investment hub Sango to boost CAR’s economy via blockchain technology.
