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Protecting Cryptocurrency Use and Self-Custody of Digital Assets

This act aims to ensure that federal agencies cannot restrict citizens from using convertible virtual currency to purchase goods and services for their own use. Additionally, it protects the right to self-custody digital assets in private wallets. This means more freedom in managing your digital money.
Key points
Federal agencies cannot prohibit or restrict the use of convertible virtual currency for personal purchases.
Citizens have the right to self-custody their digital assets in private wallets.
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Expired
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Additional Information
Print number: 118_HR_4841
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2023-07-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Keep Your Coins Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4841.

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 2023-07-25.

What are the main provisions?

Key points include:

  • Federal agencies cannot prohibit or restrict the use of convertible virtual currency for personal purchases.
  • Citizens have the right to self-custody their digital assets in private wallets.
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: Placed on the Union Calendar, Calendar No. 262.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law