Saving Privacy Act

This bill proposes significant reforms to federal financial privacy laws and regulatory oversight. It aims to reduce government access to financial records without warrants by amending the Bank Secrecy Act and the Right to Financial Privacy Act. Key provisions include terminating the Consolidated Audit Trail and explicitly prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). Additionally, it prevents federal agencies from restricting individuals' use of convertible virtual currencies for personal purchases or transactions through self-hosted wallets, and reverts 1099-K tax reporting thresholds.