U.S. Senator Ted Budd from North Carolina, alongside Senator Mike Lee of Utah, has reintroduced the Keep Your Coins Act. This legislative effort aims to safeguard individuals’ rights to manage their digital assets without federal interference.
“Self-custody is a founding principle of the digital asset ecosystem and needs to be protected,” stated Senator Budd. He emphasized the importance of allowing people to control their digital cash freely and urged support for the legislation.
Senator Lee added, “Americans deserve to keep their crypto assets where they choose – not where they’ve been forced by the federal government.” He criticized existing federal surveillance practices and expressed pride in supporting this initiative.
The bill has received backing from major wallet platforms such as Exodus, Ledger, Casa, Block, MetaMask, and Uniswap. These companies praised the legislation for protecting individual rights against regulatory overreach.
The Keep Your Coins Act seeks to prevent federal agencies from imposing rules that could hinder self-custody of digital assets. It also aims to protect peer-to-peer transactions without third-party involvement and empower individuals through self-hosted wallets.
Senator Budd initially introduced this act in 2023.
