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.

Bill 118 s 3229, also known as the "Virtual Currency Consumer Protection Act of 2021," aims to prevent Federal agencies from limiting the ability of individuals to use convertible virtual currency to buy goods or services for personal use. Convertible virtual currency refers to digital currencies that can be exchanged for traditional currency or used to purchase goods and services.

The bill seeks to protect consumers who use virtual currency by ensuring that they have the freedom to use it as they see fit. This includes the ability to make purchases online or in-person without facing restrictions from Federal agencies.

In addition to prohibiting Federal agencies from restricting the use of virtual currency, the bill also addresses other related issues. It aims to promote innovation in the virtual currency space and protect consumers from fraud and abuse. Overall, the Virtual Currency Consumer Protection Act of 2021 is designed to safeguard the rights of individuals who use virtual currency for personal transactions and to encourage the growth of the virtual currency market.