Texas Senator Bryan Hughes and State Representative Mark Dorazio proposed bills for a state-based digital currency, despite several US lawmakers objecting against CBDCs in recent times.
on the same day, stating that a fractional equivalent amount of physical gold would back the proposed digital currency.
The purchaser would then receive digital currency equal to the amount of gold that the comptroller purchases with the money received from the purchaser. It was added that a fee may be established “at any rate necessary” to cover the costs of administering this chapter.
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