Keep Your Coins Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2284 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2284

 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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 15, 2025

Mr. Budd (for himself and Mr. Lee) introduced the following bill; which 
 was read twice and referred to the Committee on Banking, Housing, and 
                             Urban Affairs

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep Your Coins Act of 2025''.

SEC. 2. PROHIBITION ON RESTRICTING USE OF CONVERTIBLE VIRTUAL CURRENCY 
              BY A PERSON TO RETAIN FULL CONTROL OVER CONVERTIBLE 
              VIRTUAL CURRENCY.

    (a) In General.--The head of a Federal agency may not prohibit, 
restrict, or otherwise impair the ability of a covered user to--
            (1) use convertible virtual currency or its equivalent for 
        such user's own purposes, such as to purchase real or virtual 
        goods and services for the user's own use; or
            (2) self-custody digital assets using a self-hosted wallet 
        or other means to conduct transactions for any lawful purpose.
    (b) Definitions.--In this section:
            (1) Convertible virtual currencies.--The term ``convertible 
        virtual currency'' means a medium of exchange that--
                    (A) has an equivalent value as currency (as defined 
                in section 1010.100 of title 31, Code of Federal 
                Regulations (or successor regulations)); or
                    (B) acts as a substitute for currency but may not 
                possess all the attributes (including legal tender 
                status) specified under such section 1010.100 (or 
                successor regulations).
            (2) Covered user.--The term ``covered user'' means a person 
        that obtains convertible virtual currency to purchase goods or 
        services on that person's own behalf, without regard to the 
        method in which such covered user obtained such convertible 
        virtual currency.
            (3) Self-hosted wallet.--The term ``self-hosted wallet'' 
        means a digital interface--
                    (A) used to secure and transfer convertible virtual 
                currency; and
                    (B) under which the owner of convertible virtual 
                currency retains independent control over such 
                convertible virtual currency that is secured by such 
                digital interface.
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