Finance - Opposition to Market-Distorting Tax and Fiscal Subsidies
F 01 PROHIBIT THE USE OF CENTRAL BANK DIGITAL CURRENCIES IN THE STATE OF TEXAS
BE IT
RESOLVED that the State of Texas shall prohibit the use of Central Bank Digital
Currencies (CBDC) for use as legal tender to conduct private and commercial transactions
or to settle debts, public or private. The State of Texas does not recognize
the authority of the Federal Reserve Bank, or the United States Treasury to
create or implement Central Bank Digital Currencies as legal tender consistent
with the provisions delegated to the Federal Government under Article l,
Section 8 of the Constitution of the United States of America.