Texas Lawmaker Proposes Constitutional Right to Own Bitcoin


A Texas lawmaker has put ahead a proposed constitutional modification that may shield the correct to personal and use digital currencies like bitcoin within the state.

Texas House Joint Resolution 89, sponsored by Representative Matt Schaefer, would alter Article I of the Texas state structure to enshrine the correct to use any “mutually agreed upon medium of exchange”. The invoice was launched on 2nd March.

What’s extra, the modification would impede any authorities effort to intrude with that use or possession.

As the decision states:

“Article I, Texas Constitution, is amended by adding…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 the ownership or holding of any form or amount of money or other currency.”

If handed by the legislature, the proposed modification would then be included on the poll for approval by Texas voters this November.

The proposal is maybe unsurprising, given the state’s libertarian bent and cultural leanings toward the tech. The invoice doesn’t put digital currencies on the identical degree as authorized tender, and state regulators don’t acknowledge bitcoin as such in mild of pointers revealed in mid-2014.

Image through Shutterstock

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