Keep Your Coins Act of 2025
Congress Weighs Bill to Bar Federal Agencies From Limiting Personal Crypto Payments and Self-Hosted Wallets
Stalled
No legislative action in over 90 days.
Legislative Progress
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.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
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.
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.
Source Information
Document Type
Congressional Bill
Official Title
Keep Your Coins Act of 2025
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.