Gold and silver; recognizing as legal tender; establishing gold depository; exempting sale or exchange of species from taxable income. Effective date.

Oklahoma's SB 2058 recognizes physical gold and silver bullion (meeting 99.5% purity for gold and 99.9% for silver) as legal tender for private debts and state tax/fee payments, with the state requiring the Treasurer to establish secure depositories for storage. It exempts sales and exchanges of qualifying gold/silver from capital gains tax and mandates that transactions use physical metal held in approved depositories, not digital systems or government-controlled tools. The bill allows Oklahomans and businesses to voluntarily use gold/silver for payments - either in person or via electronic systems linked to depositories - while ensuring depositories meet international security standards. It does not require businesses or the state to accept gold/silver, and explicitly prohibits its use for surveillance or social scoring.