Relating to the issuance of gold and silver specie and the establishment of a currency based on gold and silver; authorizing a fee.

SB 2002 proposes creating a Texas state-issued currency backed by physical gold and silver held in a "pooled depository account" managed by the comptroller. It would allow the comptroller to establish gold and silver currency representing specific fractions of a troy ounce (e.g., 1/10th ounce), which holders could use as legal tender for debts and transfer electronically. The bill authorizes fees to cover costs, permits Texas-based private vendors to assist in implementation, and requires security measures to prevent fraud. This would directly affect Texas residents who hold the new currency and the state's financial operations. The bill is currently in the Finance Committee for review after being filed in March 2025.