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US House Committee Passes 'Keep Your Coins Act' to Protect Right to Self-Custody Crypto

The US House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of cryptocurrency. The bill, introduced by Congressman Warren Davidson, prohibits federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for their own use and protects a person's ability to self-custody digital assets using a self-hosted wallet or other means to conduct transactions for any lawful purpose.

In addition to the Keep Your Coins Act, the committee also passed three other crypto-related bills aimed at promoting innovation and providing regulatory clarity.

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