Senator Ted Budd (R-NC) has recently introduced a bill titled the “Keep Your Coins Act” in the Senate. This bill aims to address the issue of third-party risk and give crypto users greater control over their digital assets by allowing them to keep their assets in self-hosted wallets.
If approved, the “Keep Your Coins Act” would enable crypto users to have direct custody of their digital assets without relying on intermediaries. By using personal self-hosted wallets, users would be able to retain independent control over their assets, reducing the risk of third-party overreach.
“As consumers face new challenges and risks associated with the use of digital currencies, we should be empowering individuals to maintain control over their own digital assets,” said Senator Budd.
This bill is an important step towards fostering financial freedom and creating a more decentralized cryptocurrency ecosystem. It acknowledges the need to empower individuals in the face of evolving challenges and risks posed by digital currencies.
