S. 2284

119th CONGRESS 1st Session

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 · Sponsor: Mr. Budd · Committee: Committee on Banking, Housing, and Urban Affairs

Table of contents

• S. 2284
  • SEC. 1. Short title
  • SEC. 2. Prohibition on restricting use of convertible virtual currency by a person to retain full control over convertible virtual currency

SEC. 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—
    • 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
    • self-custody digital assets using a self-hosted wallet or other means to conduct transactions for any lawful purpose.
• (b) Definitions
  • In this section:
    • The term convertible virtual currency means a medium of exchange that—
    • 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.
    • The term self-hosted wallet means a digital interface—