Budd Reintroduces Legislation To Protect Digital Assets and Financial Freedom
Today, Senator Ted Budd (R-North Carolina) and Senator Mike Lee (R-Utah) introduced the Keep Your Coins Act, which prevents the government from infringing on an individual’s rights to control their digital assets.
The legislation prevents any federal agency from promulgating rules that impair an individual’s ability to act as a self-custodian. It protects the individual’s right to conduct peer-to-peer transactions with digital assets without requiring a third-party intermediary. Finally, it empowers individuals to maintain control over their digital assets through self-hosted wallets, protecting the decentralized cryptocurrency ecosystem.
“Self-custody is a founding principle of the digital asset ecosystem and needs to be protected. I introduced the Keep Your Coins Act of 2025 to ensure the federal government cannot infringe on a person’s ability to control their own digital assets. If cryptocurrencies are going to be digital cash, we need to protect a person’s right to hold their digital cash however they want. I urge my colleagues to support this common-sense legislation to ensure financial freedom for the digital asset ecosystem,” said Senator Budd.
Prominent wallet platforms Exodus, Ledger, Casa, Block, MetaMask, and Uniswap celebrated the introduction of the Keep Your Coins Act saying, “As leading providers of self-custodial wallets, we applaud Senator Budd's introduction of the Keep Your Coins Act, which mirrors Congressman Davidson's bill in the House. This crucial legislation protects individuals' fundamental right to own digital property by safeguarding against regulatory overreach. We look forward to continuing to support this legislation and establishing the United States as a haven for financial autonomy and economic freedom."
Senator Budd previously introduced the Keep Your Coins Act in 2023. This represents another key legislative initiative in building out the regulatory framework for the cryptocurrency industry.
