it was once illegal to own gold in the US. If it appears the current regime is in danger of being capsized, the powers that be will apply incentives and penalties as it sees fit to keep the ship afloat. Don't know if it will succeed, but it will have to try to "protect" the order upon which the entire civilized world is accustomed. If there's going to be any regime changing, it going to SDRs (either actual or analogous) with an initial gold backing, as my favorite blog has suggested, IMHO.
Definitely a cool development and an intriguing move by Texas.
And what happens to all those pieces of paper folks are holding instead of real gold when the U-Know-What hits the fan? Can’t barter much with a piece of paper...