Keep Your Coins Act of 2025

Hozzl · 2025-01-31T11:08:24Z

Explore the details of House Bill 148 Keep Your Coins Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

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.

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.

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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

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Total Number of Cosponsors

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Policy 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.