Insert US Currency Field into the Company Constitution

Aug 6th, 2022
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How to Insert US Currency Field into the Company Constitution

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and something you may have heard about its called the digital dollar project Chris Giancarlo former CFTC chair and someone who is referred to occasionally as the crypto dad joins us now to tell us more about this project but also Dan Roberts is here because he very closely follows crypto but very quickly what is the digital dollar foundation and the project thats underway yeah its its a its a non-profit initiative to explore the virtues and the challenges of a US central bank digital currency and Christian Roberts here attended about how this is in some ways a response to what is happening with China we remember that when Facebook announced its Libre project Mark Zuckerberg in many ways when he was speaking to lawmakers was using the threat and the fear of China doing something similar to try and encourage lawmakers to basically leave Lieber alone because if we dont allow Lieber and other similar projects to innovate then China will beat us in this area tell us a little bit abou

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Since the US Constitution states no state shall make any thing but gold and silver coin a tender in payment of debts, some believe that this is the definition of lawful money and, thus, any payment medium other than gold or silver is not considered lawful money.
Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . . National Bank v.
The Constitution contains only two sections dealing with monetary issues. Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money.
The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words.
Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money. The framers clearly intended a national monetary system based on coin and for the power to regulate that system to rest only with the federal government.
The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words.
The Constitution having prohibited the States from making anything but gold and silver coin a tender in payment of debts, it follows that the Court of a State cannot make United States paper or any other paper such a tender, or compel a creditor to receive it in satisfaction of a debt.
The Constitution gives Congress the power over the currency of the United States including the power to coin money and regulate its value. Congress also has the power to charter banks to circulate money. The converse power of the creation of currency is to regulate any and all counterfeit currency.

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