South Bloc

Details on Oklahoma SB 2030 (Oklahoma 2024 Regular Session) - State Treasurer; requiring Treasurer to submit proposal for use of Texas Bullion Depository; requiring legislative approval of agreement. Effective date.

contract with a bullion depository and to authorize and approve “a precious metals-backed electronic system for vendors to do business within this state.”

any gold-backed debit instrument that can convert gold in a depository to fiat currency shall be recognized as legal tender

issuance of gold and silver specie and the establishment of a currency based on gold and silver;

A State Crypto legislative roadmap crowdsourced from fifty States.

Recent legislation shows significant State interest in Texas-style precious metal depositories. This proposal is for a Technical Working Group (TWG) of interested parties to fund and drive development of regional depositories with common procedures, protocols and digital token code. Here’s an example. 5 Major Components 1) Development Group - State-agnostic