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Congress·In Committee·8 months ago

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

Also known as: Keep Your Coins Act of 2025

Legislative Progress

✓ Filed
Review
Senate
House
President

Impacts

Positive Impacts(1)
Cryptocurrency Investor
Helps

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

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

Related News

2 articles
Decrypt·over 2 years ago

Two Republicans Want to Protect Your Ability to Self-Custody Crypto

Covers Sen. Ted Budd introducing the Keep Your Coins Act to protect self-custody and peer-to-peer crypto transactions from federal restrictions; discusses the policy rationale and political context.

C+
CoinDesk·about 3 years ago

Self-Custody Is the Antidote to FTX’s Fraud

Opinion by Rep. Warren Davidson arguing for self-custody protections and referencing the Keep Your Coins approach as a policy response to protect consumers from intermediary failures.

C+

Source Information

Document Type

Congressional Bill

Official Title

Keep Your Coins Act of 2025

Bill NumberS 2284
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

(2)
R: 2

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.