The Texas House of Representatives is looking to pass a new amendment extending the Bill of Rights to crypto assets.
According to Tom Glass, a former House candidate, the House has voted 139-2 to add a new clause to the Texas Bill of Rights that would stifle the government from infringing upon the right to own, hold, and use mutually agreed upon mediums of exchange, including digital assets.
The new provision reads,
“The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for goods and services shall not be infringed. No government shall prohibit or encumber ownership or holding of any form or any amount of money or other currency.”
Glass says that the bill, created by Representative Giovanni Capriglione, needs one more vote in the House before it’s passed on to the Texas Senate.
Glass also runs Texas Constitutional Enforcement, a group dedicated to stopping perceived unconstitutional acts.
According to the group, people being forced to use financial institutions instead of the currency of their choice helps create a police state.
“Being forced to use financial services instead of storing and using the currency of choice builds the police state because it allows governments to:
- See every financial transaction you make, violating any right to financial privacy.
- Easily confiscate the wealth of Texans via Cyprus-style ‘bail-ins’ or CBDC (central bank digital currency) expiration.”
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