HJR 146: Aiming to Protect Texans’ Financial Privacy
Introduced by Republican State Representative Giovanni Capriglione, Bill HJR 146 emphasizes the right of individuals to use a mutually agreed-upon medium of exchange, including digital currencies, cash, coin, bullion, or scrip. The bill states that no government should prohibit or hinder the ownership or holding of any form or amount of money or other currency.
Why is HJR 146 Important for Texans?
The Texas Constitutional Enforcement group highlights the importance of including digital currencies in the Texas Bill of Rights to safeguard Texans’ financial privacy. The group argues that using alternative currencies is crucial for protecting Texans’ hard-earned wealth from being eroded by an unstable US dollar. They emphasize that Texans should not be forced to rely solely on global financial elites, as it would put their financial assets at risk of devaluation and confiscation.
Next Steps: Senate and Public Vote
After one more House vote, HJR 146 will move to the Senate, and then the final decision will be left to the people of Texas in the November 7 election.
Crypto Advocates in Texas: Senator Ted Cruz
Texas has become a hotbed for crypto enthusiasts, with Senator Ted Cruz leading the charge in supporting digital currency. Over the past year, Cruz has introduced multiple bills aimed at promoting the use of cryptocurrency. His resolution, known as the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution, would encourage shops in the US Capitol to accept crypto as a form of payment. Cruz believes that crypto is not only generating new jobs and providing a hedge against inflation, but is also increasingly being used as a form of payment. He has urged the United States Capitol to increase accessibility and show support for the burgeoning cryptocurrency industry.
Beyond Crypto: Texas Bill of Rights
The Texas Bill of Rights, like the U.S. Bill of Rights, safeguards essential liberties such as freedom of speech, religion, and press. It also includes clauses specific to Texas, such as the right to a prompt trial and the right to possess and carry weapons for self-defense. If passed, the recent amendment to HJR 146 will grant Texans the additional right to use digital currencies like Bitcoin.
Key Points
What is HJR 146?
HJR 146 is a bill introduced by Republican State Representative Giovanni Capriglione aiming to amend the Texas Bill of Rights to include the right to own, hold, and use digital currencies.
What is the purpose of HJR 146?
The bill aims to safeguard Texans’ financial privacy by allowing them to use alternative currencies and protect their wealth from potential erosion by an unstable U.S. dollar.
What are the next steps for HJR 146?
After one more House vote, the bill will move to the Senate and, if passed, the final decision will be made by Texans in the November 7 election.
