Keep Your Coins Act of 2025

1/31/2025, 11:08 AM

Keep Your Coins Act of 2025

This bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet.  

Bill 119 hr 148, also known as the "Virtual Currency Consumer Protection Act of 2021," aims to prevent Federal agencies from limiting the use of convertible virtual currency for personal purchases. Convertible virtual currency, such as Bitcoin or Ethereum, is a type of digital currency that can be exchanged for goods and services.

The bill seeks to ensure that individuals have the freedom to use virtual currency for their own personal transactions without interference from the government. This includes purchases of goods and services, as well as other uses of virtual currency for personal use.

The legislation is designed to protect consumers who choose to use virtual currency as a form of payment, ensuring that they are not unfairly restricted by Federal agencies. By allowing individuals to freely use virtual currency for personal transactions, the bill aims to promote innovation and competition in the digital currency market. Overall, the Virtual Currency Consumer Protection Act of 2021 is intended to safeguard the rights of individuals to use convertible virtual currency for their own personal use, while also promoting a more open and competitive digital currency market.
Congress
119
Number
HR - 148
Introduced on
2025-01-03
# Amendments
0
Sponsors
+5

Variations and Revisions

1/3/2025
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Keep Your Coins Act of 2025

This bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet.  

Bill 119 hr 148, also known as the "Virtual Currency Consumer Protection Act of 2021," aims to prevent Federal agencies from limiting the use of convertible virtual currency for personal purchases. Convertible virtual currency, such as Bitcoin or Ethereum, is a type of digital currency that can be exchanged for goods and services.

The bill seeks to ensure that individuals have the freedom to use virtual currency for their own personal transactions without interference from the government. This includes purchases of goods and services, as well as other uses of virtual currency for personal use.

The legislation is designed to protect consumers who choose to use virtual currency as a form of payment, ensuring that they are not unfairly restricted by Federal agencies. By allowing individuals to freely use virtual currency for personal transactions, the bill aims to promote innovation and competition in the digital currency market. Overall, the Virtual Currency Consumer Protection Act of 2021 is intended to safeguard the rights of individuals to use convertible virtual currency for their own personal use, while also promoting a more open and competitive digital currency market.
Alternative Names
Official Title as IntroducedTo 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.

Comments

Related

Committee:  
Financial Services

Recent Activity

Latest Summary2/12/2025

Keep Your Coins Act of 2025

This bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet.  

Latest Action1/3/2025
Referred to the House Committee on Financial Services.