TX SB665

Directs the Texas Comptroller to establish and issue gold and silver specie (coins) as well as a state digital currency backed by physical gold and silver held in the Texas Bullion Depository

Designates the Texas Bullion Depository as the state's exclusive issuer of gold and silver specie, with holders able to use the specie as legal tender for debt payment and transfer it to others

Creates a pooled depository account held in trust for digital currency holders, requiring enough physical gold and silver to be maintained to redeem all outstanding digital currency units at any time

Allows individuals to obtain digital currency by paying the Comptroller to purchase gold/silver for the account or by transferring existing holdings from their Texas Bullion Depository account, with redemption available in either U.S. dollars or physical gold/silver

Authorizes the Comptroller to charge fees for issuance and redemption to cover administrative costs, with net proceeds deposited to general revenue, and specifies that all trust assets are held outside the state treasury and not subject to legislative appropriation