Keep Your Coins Act of 2023
Jul 25, 2023
To prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person's own use, and for other purposes.
Current Status
The bill was also placed on the Union Calendar as Calendar No. 262.Analysis
This bill is a significant victory for individual crypto users and embodies core principles that are very pro-crypto. By prohibiting Federal agencies from impairing the use of convertible virtual currency for personal transactions, it provides crucial regulatory clarity and protection against potential government overreach. More importantly, its explicit protection of self-custody via self-hosted wallets directly supports financial sovereignty and personal control over assets, which are fundamental to the crypto ethos. The bill limits the state's power to surveil or control individual financial choices, aligning perfectly with a preference for decentralized systems over central bank digital currencies (CBDCs). It fosters an environment where individuals can freely use and manage their digital assets without undue governmental interference, which is essential for the industry's healthy growth and adoption.
Votes
For
Against
0
0
0
0
0
0
