Saving Privacy Act

This bill, titled the "Saving Privacy Act," proposes significant reforms to financial privacy laws and introduces several provisions directly impacting the crypto industry. It aims to prohibit the creation of a retail central bank digital currency (CBDC), protect the use of convertible virtual currencies and self-hosted wallets, and enhance financial privacy by amending the Right to Financial Privacy Act and rolling back certain Bank Secrecy Act provisions. Additionally, it terminates the Consolidated Audit Trail and makes agency rulemaking subject to greater congressional review.