HB306 would have allowed the state to invest in gold and created a framework for a digital gold-backed currency. It also would have tasked the state treasurer with managing physical gold holdings and establishing a digital system to facilitate gold-based transactions for public use.

The Utah State House of Representatives passed HB306 on March 7, 2025 by a vote of 58 to 6. We have assigned pluses to the ayes because this bill is an important step toward restoring constitutional money and returning to the gold standard in compliance with Article I, Section 10 of the U.S. Constitution.