Transactional gold and silver act establishment

Summary

The bill creates the Transactional Gold and Silver Act, which declares gold and silver specie legal tender and authorizes the state commissioner to set up regulated bullion depositories and an electronic payment platform. It allows individuals and businesses to hold, transfer, and spend gold or silver through these depositories, but does not require anyone to accept the metal as payment. The measure is currently referred to the Senate Commerce and Consumer Protection Committee.

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