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flag South Dakota rejected a bill to create a state-run gold transaction system, citing concerns over government overreach and duplication of private services.

flag South Dakota lawmakers rejected Senate Bill 112, a proposal to create a state-run gold transaction system via public-private partnership, citing concerns over government overreach, regulatory risks, and harm to private enterprise. flag The bill, opposed by financial groups, business associations, and grassroots advocates, faced criticism for duplicating private services, lacking public demand, and potentially favoring specific vendors. flag Critics dismissed claims about tax evasion and asset confiscation as false. flag Lawmakers emphasized that gold transactions are already legal and accessible without state involvement. flag The decision preserves South Dakota’s pro-gold stance, maintaining its 4th place ranking in the 2026 Sound Money Index and aligning it with other states that have rejected similar measures.

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