State finance: other; office of the Michigan bullion depository and Michcoin act; create. Creates new act.

This bill, known as the "Michcoin act," would create the Michigan bullion depository within the Department of Treasury. This office would establish and issue gold and silver coins, as well as a digital currency called "Michcoin" that is backed by gold and silver. The bill outlines how people can buy, sell, and transfer this digital currency and precious metals, and it creates a fund to manage the depository's operations and security.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text