New bill seeks to protect individuals' right to self-custody crypto after FTX fallout
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Sen. Ted Budd introduced Keep Your Coins Act to protect individuals' right to self-custody crypto without mandates.
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Comes after FTX collapse raised awareness of self-sovereignty importance in crypto.
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Contrasts with Sen. Elizabeth Warren's bill last year to increase oversight of self-custody wallets.
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Reflects growing Congressional support for autonomy of crypto users, aligning with Rep. Warren Davidson.
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Aims to prevent federal agencies like SEC from enforcing regulations requiring third-party custody.