‘Keep Your Coins Act’ comes to US Senate amid push for crypto self-custody

Senator Ted Budd introduced the "Keep Your Coins Act" to the U.S. Congress, aiming to empower individuals to maintain full custody of their digital assets like Bitcoin without relying on third-party intermediaries. The bill, a response to the FTX collapse, aims to foster financial freedom and a more decentralized cryptocurrency ecosystem. If passed, the act would prohibit federal agencies from enacting rules against self-hosted wallets. Both bills highlight a broader push towards a more decentralized crypto ecosystem, preserving financial freedoms while mitigating third-party risks.