H721 would require the State Treasurer to conduct a study on the creation of a North Carolina Bullion Depository for storing certain investment metals, such as gold, and virtual currency, such as Bitcoin.
The House passed H721 on June 28, 2023, by a vote of 73 to 40. We have assigned pluses to the ayes because this bill would help restore sound money and enforce the U.S. Constitution’s monetary provisions. According to Article 1, Section 10, of the Constitution, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States can and must act now to protect Americans’ financial freedom and privacy by both ending the Federal Reserve’s unconstitutional monopoly on money and thwarting the federal government’s tyrannical plans to impose a Central Bank Digital Currency.