New Bill Aims to Protect Americans' Right to Self-Custody Cryptocurrency After FTX Fallout
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US Senator Ted Budd introduced the "Keep Your Coins Act" to protect the right to self-custody crypto like Bitcoin.
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The bill aims to prevent third-party risks to consumers after the FTX collapse.
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It would prohibit federal agencies from disallowing self-custody of crypto assets.
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Republican Rep. Warren Davidson supports the bill as a companion legislation.
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Budd's bill mirrors similar legislation introduced by Davidson in 2022.