A "legal term of art" still only means that it's interpretable, otherwise it would be without any interpretation. Except renegades that are not part of the circle of who's supposed to do the interpretin!
I doubt that the "must accept" is part of the definition, though it's an easier definition and therefore more commonly read than book length treaties. Clearly it's only the state who has to afford acceptable means of exchange, eg. by nurishing an exchange market.
Which is very likely the aim of the bill. Whatever you consider not sensible is without further ado, notwithstanding.