Coin

<ul class="news-points"> 
 <li>U.S. Senator Ted Budd introduced the ‘Keep Your Coins Act’ to safeguard citizens’ rights to self-custody crypto.&nbsp;</li> 
 <li>The proposed bill aims to prohibit federal agencies from restricting crypto usage by individuals for purchasing goods or services.</li> 
 <li>The act disregards how users obtained their crypto and restricts federal agencies from limiting transactions.</li> 
</ul> 
U.S. Senator Ted Budd has introduced a new bill to protect citizens’ rights to self-custody cryptocurrencies. The <a href="https://www.budd.senate.gov/wp-content/uploads/2023/11/Budd-Keep-Your-Coins-Act.pdf" target="_blank" rel="nofollow">Keep Your Coins Act</a> bill was introduced to the Senate and House of Representatives in Congress. 
The proposed bill would 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 other purposes.&nbsp; 
The term “covered user” was used in the bill to describe someone who obtained the <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrencies</a> to purchase goods or services on that person’s behalf. Furthermore, the method by which the covered user obtained their crypto was seen as irrelevant.&nbsp; 
According to the bill, no agency head may prohibit or otherwise restrict the ability of a covered user to “use virtual currency or its equivalent for s…
The post <a href="https://coinedition.com/us-senator-introduces-bill-to-protect-crypto-ownership-rights/">US Senator Introduces Bill To Protect Crypto Ownership Rights</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

US Senator Introduces Bill To Protect Crypto Ownership Rights

Coin Edition

Other articles published on Nov 10, 2023

World Tokenization Summit Returns for Second Edition: Focused on Real-World Asset Tokenization in...

Wemade unveils a music video for CONNECT, a collaboration song by CHUNG HA

$5 Million Reward: Justin Sun’s Bold Move Against Poloniex Attackers

HODL

Gas Limit

Bitcoin’s surge to new annual high cost traders $440m

Join our free newsletter for daily crypto updates!