---
title: Arizona Senate Bill Proposes Gold and Silver-Backed Currency
description: Arizona introduces SB 1096 to establish a state bullion depository and a gold and silver-backed currency, promoting financial security and sound money practices.
---

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# [Arizona Senate Bill Proposes Gold and Silver-Backed Currency](https://transactionalgold.com/transactional-gold/arizona-senate-bill-proposes-gold-and-silver-backed-currency)

 Written by [Transactional Gold Team](https://transactionalgold.com/transactional-gold/author/transactional-gold-team) | Jan 21, 2025 7:15:00 PM

In January 2025, Senators Jake Hoffman and Rachel Jones introduced Senate Bill 1096, aiming to establish the Arizona Bullion Depository and introduce a gold and silver-backed currency recognized as legal tender within the state. This legislation would allow both the state and private individuals to securely store precious metals and facilitate transactions using state-minted gold and silver coins or a specie-backed digital currency. By providing an alternative to fiat currency, the bill seeks to enhance financial security and promote sound money practices in Arizona.

[Read SB 1096](https://www.azleg.gov/legtext/57leg/1r/bills/sb1096p.htm) 

Update: SB 1096 has passed through committee and both Senate minority and Senate majority caucuses

 

[View full post](https://transactionalgold.com/transactional-gold/arizona-senate-bill-proposes-gold-and-silver-backed-currency)

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