MI HB5128

Establishes gold and silver coins issued by the United States as legal tender in Michigan, along with other gold or silver coins or bullion if authorized by federal law or court judgment

Explicitly excludes central bank digital currency from the definition of specie legal tender and declares it is not legal tender in Michigan

Allows any person to keep and use specie legal tender, but prohibits compelling anyone to tender or accept it unless expressly provided by contract

Prohibits governmental entities from seizing legally owned specie legal tender, restricting its acquisition or use, or infringing on the right to keep and use it

Bars government entities from enacting or enforcing laws that discriminate against or favor one form of legal tender over another in transactions