What does Preamble of Keep Your Coins Act of 2025 do?

This bill, formally titled '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,' aims to prevent federal agencies from limiting the use of convertible virtual currency for personal purchases. The bill was introduced in the Senate on July 15, 2025, by Mr. Budd and Mr. Lee.

What does SHORT TITLE. of Keep Your Coins Act of 2025 do?

This bill is formally titled the Keep Your Coins Act of 2025.

What does PROHIBITION ON RESTRICTING USE OF CONVERTIBLE VIRTUAL CURRENCY of Keep Your Coins Act of 2025 do?

This section prohibits Federal agencies from restricting a covered user's ability to use convertible virtual currency for their own purposes, such as purchasing goods and services. It also prohibits restrictions on covered users self-custodying digital assets using a self-hosted wallet for lawful transactions. A 'convertible virtual currency' is defined as a medium of exchange with an equivalent value as currency or acting as a substitute for currency. A 'covered user' is a person obtaining convertible virtual currency to purchase goods or services for their own benefit. A 'self-hosted wallet' is a digital interface used to secure and transfer convertible virtual currency where the owner retains independent control.

Back to bills

Keep Your Coins Act of 2025

Last updated: 7/15/2025 · Introduced: 7/15/2025

Author: Ted Budd (R-NC)

TL;DR (AI)

This bill prevents federal agencies from restricting individuals' use of convertible virtual currency for personal purchases of goods and services.
The bill prohibits agencies from restricting individuals' self-custody of digital assets using self-hosted wallets for lawful transactions.
The legislation defines 'convertible virtual currency,' 'covered user,' and 'self-hosted wallet' to clarify the scope of these protections.

119th Congressin committeeHR. 148(In Committee)Official page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account