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Keep Your Coins Act of 2025
1/31/2025, 11:08 AM
Summary of Bill HR 148
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.
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.
Congressional Summary of HR 148
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.
Read the Full Bill
Current Status of Bill HR 148
Bill HR 148 is currently in the status of Bill Introduced since January 3, 2025. Bill HR 148 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 148's most recent activity was Referred to the House Committee on Financial Services. as of January 3, 2025
Bipartisan Support of Bill HR 148
Total Number of Sponsors
5Democrat Sponsors
0Republican Sponsors
5Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 148
Primary Policy Focus
Alternate Title(s) of Bill HR 148
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.
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.
Comments
Braelyn Cassidy
495
10 months ago
I can't believe this bill, it's gonna mess everything up for us. How will this affect us in the long run?
Sponsors and Cosponsors of HR 148
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