https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02334I.htm
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A BILL TO BE ENTITLED
AN ACT
relating to the establishment of a digital currency backed by gold;
authorizing a fee.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subtitle A, Title 4, Government Code, is amended
by adding Chapter 404A to read as follows:
CHAPTER 404A. DIGITAL GOLD CURRENCY
SUBCHAPTER A. GENERAL PROVISIONS
Sec. 404A.0001. DEFINITION. In this chapter “digital
currency” means the digital gold currency established under this
chapter.
Sec. 404A.0002. RULES; CONTRACTING. (a) The comptroller
may adopt rules as necessary or convenient to implement this
chapter, including rules to:
(1) ensure the security of the digital currency; and
(2) prevent fraud.
(b) The comptroller has all authority necessary to enter
into contracts to administer this chapter and fulfill the purposes
of this chapter.
SUBCHAPTER B. ESTABLISHMENT AND ADMINISTRATION OF DIGITAL GOLD
CURRENCY
Sec. 404A.0051. ESTABLISHMENT. (a) The comptroller shall
establish a digital currency that is backed by gold so that each
unit of the digital currency issued represents a particular
fraction of a troy ounce of gold held in trust as provided by this
chapter.
.