Congress·In Committee·S. 2284

Congress Weighs Bill to Bar Federal Agencies From Limiting Personal Crypto Payments and Self-Hosted Wallets

Keep Your Coins Act of 2025

8 months ago·View on Congress.gov

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Stalled

No legislative action in over 90 days.

Legislative Progress

Senate

House

President

Law

Key Points

Would stop federal agencies from blocking or limiting people from using convertible virtual currency to buy goods or services for their own personal use.
Would protect the right to hold your own digital assets in a self-hosted wallet, meaning you control the wallet yourself (not an exchange or bank).
Applies only to lawful purposes and to “covered users,” defined as people using virtual currency on their own behalf, no matter how they got it.
If passed, this could limit future federal agency rules that try to restrict personal crypto payments or restrict self-custody wallets.
Does not create a right to use crypto everywhere; private businesses could still choose whether to accept it. It focuses on what federal agencies can restrict.

CryptocurrencyConsumer ProtectionData Privacy

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Positive Impacts(1)

Cryptocurrency Investor

Helps

Milestones

2 milestones2 actions

Jul 15, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jul 15, 2025

Introduced in Senate

What Happens Next

Projected impacts based on AI analysis

Right after the bill becomes law

Federal agencies would need to stop enforcing any agency rule or guidance that bans or limits personal crypto purchases covered by the bill

If you’re a covered user, you could keep using crypto to buy goods or services for yourself without a federal agency trying to block that specific activity