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More state legislatures reject big-government 'transactional gold' boondoggles
From the Sound Money Defense League
Charlotte, North Carolina
Tuesday, March 17, 2026
Kansas, Arizona, West Virginia, Indiana, and Kentucky are the latest states to reject elaborate government-run "transactional gold" schemes this legislative session.
These failed measures are increasingly being recognized as unwise policy that harms free-market competition, involves a large new government program, and serves only narrow vendor self-interests.
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-- A Kansas Senate Committee abandoned Senate Bill 115, which attempted to create a state-managed bullion depository and government-run transactional system, entangling the state in a public-private partnership that would pit the state government against hundreds of businesses in the private sector.
-- Lawmakers in Kentucky recognized the harmful effects Kentucky Senate Bill 32 would have inflicted on in-state businesses, investors, and potentially the state itself, and they too abandoned the bill. ...
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