United States of America: Texas: Proposal for a state-based digital currency backed by gold (HB4903 / SB2334)
Progress
Current status
rejected
29 May 2023 rejected
23 Mar 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational
Timeline of events
Rejected Bill proposing a digital currency backed by gold
On 29 May 2023, two identical bills proposing to establish a state-based digital currency backed by gold were rejected after failing to pass before Texas' 88th legislature session adjourned. Under this proposal, each unit of digital currency would h…
Event type
law
Action type
rejection
Government branch
legislature
Government body
parliament
Introduced Bill proposing a digital currency backed by gold
On 23 March 2023, two identical bills proposing to establish a state-based digital currency backed by gold were introduced in the Texas House and Senate. Under this proposal, each unit of digital currency would represent a “particular fraction of a …
Event type
law
Action type
introduction
Government branch
legislature
Government body
parliament