Texas Gold-backed Tokens Attract Attention! At the North America Blockchain Summit, Congressman Cody Harris shared this innovative idea. He believes that gold-backed tokens issued by the Texas government could become an ideal gateway for Texans to explore digital assets. 💡

As early as April this year, Texas lawmakers proposed a bill to launch a gold-backed digital currency. Each token represents a specific fraction of one ounce of gold in trust. This initiative aims to provide a government-issued digital alternative for cryptocurrency skeptics, helping them gradually accept decentralized assets like Bitcoin. 🌐

However, Harris is opposed to Central Bank Digital Currencies (CBDCs), believing that government-issued tokens are more reassuring. 🔍