The proposed joint resolution, S.J.R. No. 55, seeks to amend the Texas Constitution by adding Section 36 to Article I, which would establish the right of individuals to own, hold, and use a mutually agreed upon medium of exchange. This includes various forms of currency such as cash, coin, bullion, digital currency, and privately issued scrip. The amendment explicitly states that no government entity shall have the authority to prohibit or encumber the ownership or holding of any form or amount of money or currency. However, it clarifies that the state retains the right to determine the medium of exchange it will accept for payments.

If approved, this constitutional amendment will be presented to Texas voters during the election scheduled for November 7, 2023. The ballot will allow voters to express their support or opposition to the proposition, which emphasizes the recognition of the right to utilize various forms of currency in trade and contracting for goods and services.