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South Dakota rejected a bill to create a state-run gold transaction system, citing concerns over government overreach and duplication of private services.
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.
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.
Critics dismissed claims about tax evasion and asset confiscation as false.
Lawmakers emphasized that gold transactions are already legal and accessible without state involvement.
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.
Dakota del Sur rechazó un proyecto de ley para crear un sistema de transacciones de oro administrado por el estado, citando preocupaciones sobre el alcance excesivo del gobierno y la duplicación de servicios privados.