> Why would they want to do that? <
I think at least the title is clickbait. The Constitution is clear. States cannot coin their own money. Article I, Section 10, Clause 1:
“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”
What the article is exactly referring to I’m not sure. I tried to read the whole thing, but it gave me a headache.
If the coinage is gold or silver, they still are compliant.
Maybe they’re looking at this clause. I didn’t read the whole thing either, but it’s referring to gold-backed securities or something.
Louisiana, Utah, and Texas have passed legislation recognizing gold and silver as legal tender, a move that allows citizens to make transactions using precious metals in place of cash.
Joining seven other states that have either passed or introduced legislation in favor of the metals, Louisiana, Utah, and Texas are now taking further steps toward establishing regulatory depositories to hold gold and silver.
.
except where it says No State shall MAKE anything but Gold and Silver coin a tender in payment of debt.
That’s not what it says.
“
No state shal… make any Thing but gold and silver Coin a Tender in Payment of Debts;”
is pretty clear.