Problem: Can the state of Texas coin its own money? Group of answer choices No, because it is denied power to the states. In the United States, only the national government can coin money. No, because the United States has outlawed all coin and paper currency in favor of electronic currencies only. Yes, states can coin money as long as they get approval from the United Nations. Yes, states are allowed to coin their own money as long as it does not look exactly like United States coins.