Right To own and Use Bitcoin: Texas Lawmaker proposes Constitutional Reform

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[U.S]–A Texas lawmaker has put proposed a constitutional reform on the right of Texans to hold and transact with in bitcoins and other cryptocurrencies.

Texas, Bitcoin, Constitutional, Right

The proposition introduced by Matt Schaefer on March 2, 2017 in the Texas House Joint Resolution 89 seeks to alter Article I of the Texas state constitution to protect the right to use any “mutually agreed upon medium of exchange”.

The resolution of the House states, “Article I, Texas Constitution, is amended by adding Section 35 to read as follows:

Sec. 35.  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.”

Coin Desk reported that if passed by the legislature, the proposed amendment would then be included on the ballot for approval by Texas voters this November.




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