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US House Committee Passes "Keep Your Coins Act" to Protect Cryptocurrency Holders' Rights

The US House Financial Services Committee has approved the "Keep Your Coins Act of 2023", which would prevent federal agencies from limiting an individual's ability to manage digital assets through self-hosted wallets. This legislation is seen as a significant step forward for the cryptocurrency industry, which has been facing increased scrutiny from the US Securities and Exchange Commission (SEC). The bill's passage is expected to reinforce the idea of decentralization and financial autonomy, and could create more faith in investors looking to invest in new projects such as the Chancer decentralized prediction platform. However, it remains to be seen if the bill will impact the SEC's classification of certain cryptocurrencies as securities.

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