North Dakota House passes bill granting legal tender status to gold and silver

February 07, 2025 | House of Representatives, Legislative, North Dakota


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North Dakota House passes bill granting legal tender status to gold and silver
In a pivotal session on February 7, 2025, North Dakota's House of Representatives engaged in a spirited debate over the legal status of gold and silver as currency, reflecting broader concerns about financial autonomy and inflation. The discussion was ignited by House Bill 1441, which seeks to declare gold and silver as legal tender in the state, a move that proponents argue would empower citizens and align with constitutional principles.

Representative Johnston passionately advocated for the bill, emphasizing that gold is recognized as money under the U.S. Constitution. He argued that the current economic climate, marked by rising national debt and inflation, necessitates a return to sound money practices. "Gold is money. Everything else is debt," he stated, urging his colleagues to support the bill to provide North Dakotans with more financial options and to protect against potential federal overreach through Central Bank Digital Currencies (CBDCs).

The bill's supporters highlighted recent legislation that exempts gains from the sale of gold and silver from state taxation, suggesting a growing recognition of these metals' value. They pointed out that several states have already passed similar measures, positioning North Dakota to join this movement towards financial independence.

However, the debate was not without contention. Some representatives expressed concerns about the implications of mandating that banks accept gold and silver as payment, fearing it could create undue burdens on financial institutions. Despite these reservations, the House ultimately passed the bill with a vote of 61 to 30, sending it to the Senate for further consideration.

In addition to the discussions on gold and silver, the assembly also addressed House Bill 1272, which proposed new regulations for move-in and move-out inspections of rental properties. This bill faced significant opposition, with critics arguing that it would impose excessive administrative burdens on landlords and complicate the rental process. Proponents, however, contended that it would protect tenants from unjust charges and ensure fair treatment in rental agreements.

As the session concluded, the discussions underscored a growing tension between traditional financial systems and emerging alternatives, as well as the ongoing struggle for balance in landlord-tenant relationships. The outcomes of these bills could have lasting implications for North Dakota's economic landscape and the rights of its citizens.

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Scribe from Workplace AI
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