Sorry for my late reply:
I am not a US citizen so I hope some US friends will correct me if I am wrong.
The USA is a federal republic of 50 (?) independent states. So you have a federal government and a State governments.
The Financial system is in its basic ruled by Federal law. Also the financial reserves are therefore governed by the Federal law.
Now the State of Texas is building it’s own State gold reserve outside of the federal system. This makes them more independent from the federal government. Basically they are protecting their wealth and keep it within the borders of the State of Texas, safe from federal laws and regulations.
Sorry for my late reply:
I am not a US citizen so I hope some US friends will correct me if I am wrong.
The USA is a federal republic of 50 (?) independent states. So you have a federal government and a State governments.
The Financial system is in its basic ruled by Federal law. Also the financial reserves are therefore governed by the Federal law.
Now the State of Texas is building it’s own State gold reserve outside of the federal system. This makes them more independent from the federal government. Basically they are protecting their wealth and keep it within the borders of the State of Texas, safe from federal laws and regulations.