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Freedom to use cryptocurrencies: federal agencies prohibited from restricting.

This bill aims to ensure citizens' freedom to use cryptocurrencies for purchasing goods and services for their own use. It means federal agencies will not be able to restrict the ability to pay with cryptocurrencies or use self-hosted digital wallets. This will give citizens greater control over their digital assets and how they spend them.
Key points
Federal agencies will be prohibited from restricting the use of convertible virtual currency for personal purchases.
Citizens will be free to use self-hosted digital wallets to secure and transfer their virtual currency.
The bill seeks to increase financial freedom for citizens regarding the use of digital currencies.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6727
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2022-02-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6727.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-15.

What are the main provisions?

Key points include:

  • Federal agencies will be prohibited from restricting the use of convertible virtual currency for personal purchases.
  • Citizens will be free to use self-hosted digital wallets to secure and transfer their virtual currency.
  • The bill seeks to increase financial freedom for citizens regarding the use of digital currencies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law