Florida Signs Bill Recognizing Gold and Silver as Legal Tender

According to a report by Jinse Finance, on Tuesday local time, Florida Governor Ron DeSantis signed legislation recognizing gold and silver as legal tender in the state, stating that this move is to protect Floridians from the devaluation of the dollar. This legislation establishes a legal framework that recognizes certain gold and silver coins as legal tender in Florida, exempts them from sales tax, regulates their custodians, and allows the use of gold and silver coins in transactions (subject to legislative approval for implementation rules). DeSantis said the bill authorizes payment institutions like check cashing or PayPal to accept payments in gold and silver. DeSantis noted, "This means these precious metals can once again start functioning like real currency, not just as investment tools for the wealthy." DeSantis also criticized the spending behavior of the U.S. federal government, likening the plight of "DOGE and Musk" to "fighting the swamp." DeSantis stated, "It's the end of May, and Congress hasn't implemented a single penny of DOGE (budget) cuts! DOGE is fighting the swamp, and so far, the swamp is winning."