Sponsors
22 Republicans
Ted BuddSenator · NC
Warren DavidsonOH-8
This bill proposes to prohibit federal agencies from restricting an individual's ability to use "convertible virtual currency" to purchase goods or services for their own use. It also safeguards the right of individuals to self-custody digital assets via self-hosted wallets for any lawful purpose. The legislation defines key terms such as convertible virtual currency, covered user, and self-hosted wallet to clarify the scope of these protections.
This bill is highly pro-crypto because it directly protects two fundamental aspects of cryptocurrency use: the ability to self-custody digital assets and the freedom to use them for personal transactions. By prohibiting federal agencies from restricting these activities, the bill significantly reduces regulatory risk and potential government overreach for individual users. The protection of self-custody, specifically through self-hosted wallets, is a strong signal for decentralization and individual financial autonomy, which aligns perfectly with core crypto principles. Furthermore, ensuring that individuals can use convertible virtual currency to purchase goods and services for their own use promotes the practical adoption and utility of crypto beyond speculative investment. This legislation provides crucial enabling clarity by carving out protected areas of crypto activity, removing ambiguity, and preventing potential hostile regulations that could limit access or impose undue burdens on ordinary users.
Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.
2 Republicans
5 Republicans
