Utah/Georgia If this pilot program can be successfully implemented, it could lead to the development of a precious metals custody + payment layer system, but in practice, it’s still digital bookkeeping and not actually carrying gold bars to pay.

Lawmakers in several red states are pushing for legislation to recognize gold and silver as currency, citing inflation concerns. While some bills have failed, proposals in states like Georgia and Utah aim to enable transactions in precious metals, despite skepticism from economists about gold's effectiveness as money.