Citizens for Sound Money

Citizens for Sound Money Commends CFO Patronis for Advancing Gold and Silver as Legal Tender in Florida

FOR IMMEDIATE RELEASE  
December 11, 2024
Contact: Citizens for Sound Money
Daniel Diaz, Executive Director
Email: ddiaz@citizens4soundmoney.org
Phone: 877-749-1776

Citizens for Sound Money Commends CFO Patronis for Advancing Gold and Silver as Legal Tender in Florida

TALLAHASSEE, Fla. — Citizens for Sound Money (C4SM) extends its heartfelt gratitude to Florida’s Chief Financial Officer (CFO) Jimmy Patronis for his visionary leadership in advancing the study of gold and silver as legal tender. The recently announced $200,000 appropriations for this study marks a historic milestone in the pursuit of sound money principles in Florida, made possible through the tireless efforts of C4SM, the Christian Family Coalition (CFC), and the support of legislative champions in the House and Senate.

The $200,000 appropriations, passed during the 2024 legislative session, is a direct result of the hard work and dedication of C4SM and CFC. Their relentless advocacy ensured that legislators in both the House and Senate recognized the importance of sound money principles and prioritized this groundbreaking study. If the Sound Money Act passes this session, Florida will become the first state on the East Coast and the largest state in the nation to recognize gold and silver as legal tender. Currently, six states — Utah, Wyoming, Oklahoma, Arizona, Arkansas, and Louisiana — have enacted similar legislation.

CFO Patronis’ initiative will explore innovative solutions to restore Floridians’ financial sovereignty by examining the feasibility of gold and silver bullion as transactional legal tender. As advocates for sound money, C4SM is proud to have played a critical role in promoting the legislative framework and rallying support from Florida’s House and Senate, as well as the CFO’s and Governor’s offices, to prioritize this essential study. In a bipartisan effort, C4SM and CFC met with nearly 100 legislators to lobby and educate them on the importance of sound money principles, further solidifying the groundwork for this initiative.

Daniel Diaz, Executive Director of Citizens for Sound Money, remarked: “This bill is a crucial step in protecting Floridians from inflation while providing a secure option to preserve their wealth and economic energy. Our hard work and advocacy since October 2023 have laid the groundwork for this momentum. With the $200,000 appropriations for the gold and silver study marking just the beginning, we are excited to support Representative Doug Bankson and Senator Ana Maria Rodriguez in their efforts to pass the Sound Money Act and eliminate the regressive sales tax on precious metals this year. These initiatives are game-changers, bringing us closer than ever to securing financial sovereignty for Floridians.”

Anthony Verdugo, Executive Director of the Christian Family Coalition, stated: “Christian Family Coalition (CFC) Florida is proud to stand alongside Citizens for Sound Money in leading the effort to bring true economic freedom to all Floridians by making gold and silver legal tender in our state”

State Representative Doug Bankson, House sponsor of the Sound Money Act, commented: “I’m excited for the support CFO Patronis has shown throughout this process as we first presented this bill last session, and we are ready to get it across the finish line. This bill will help bring stability, security, and opportunity as well as functionality to the individual portfolio, and in essence restore a true asset backed currency. I’m privileged to work together with Senator Rodriguez, and with the signaled support from leadership we will work hard to make this a reality.”

State Senator Ana Maria Rodriguez, Senate sponsor of the Sound Money Act, shared: “As a proud sponsor of this initiative, I believe that exploring the use of gold and silver as legal tender is a critical step toward safeguarding the financial futures of all Floridians. This study underscores Florida’s commitment to innovative solutions that protect against inflation and promote economic security for generations to come. I applaud CFO Jimmy Patronis for his leadership in launching this historic initiative on gold and silver which will help usher in an era of financial freedom for all Floridians.”

The study represents a monumental step forward in empowering Floridians to mitigate the effects of inflation, safeguard against Central Bank Digital Currencies, and restore competition in the monetary system. By leveraging the enduring stability of gold and silver, Florida is positioning itself as a leader in economic resilience and financial freedom.

Citizens for Sound Money is committed to continuing its work to promote sound money principles and stands ready to support CFO Patronis and legislative leaders as they explore this transformative opportunity. The collective efforts of all involved have laid the foundation for a brighter, more secure economic future for Florida.

About Citizens for Sound Money  

Citizens for Sound Money (C4SM) is a nonprofit organization dedicated to educating the public on the importance of sound money principles and advocating for policies that protect financial freedoms in Florida and across the nation. Through education, advocacy, and coalition-building, C4SM champions the use of gold and silver as constitutional forms of money to preserve economic stability and individual liberty. Connect with us on X (@4SoundMoney), YouTube (@4SoundMoney), and visit our website at www.citizens4soundmoney.org.

 

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