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Protecting the Right to Use Cryptocurrencies and Self-Hosted Digital Wallets.

This bill aims to prevent federal agencies from restricting citizens' ability to use convertible virtual currencies for purchasing goods and services for personal use. The change guarantees that individuals can freely use virtual currencies and conduct transactions using private, self-hosted digital wallets. This provides greater financial freedom and privacy protection for digital asset users.
Key points
Federal agencies will be prohibited from banning the use of cryptocurrencies for personal purchases of goods and services.
The law protects citizens' right to conduct transactions using "self-hosted digital wallets" (private, non-custodial wallets).
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Status:
Expired
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Additional Information
Print number: 118_S_3229
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2023-11-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A bill 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 118_S_3229.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-06.

What are the main provisions?

Key points include:

  • Federal agencies will be prohibited from banning the use of cryptocurrencies for personal purchases of goods and services.
  • The law protects citizens' right to conduct transactions using "self-hosted digital wallets" (private, non-custodial 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 Sen. Budd, Ted [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Informatization