Congress protects your right to hold and use cryptocurrency without federal interference.
H.R. 148 — Keep Your Coins Act of 2025 · Filed by Warren Davidson (R-OH) · 3 cosponsors · Introduced Jan 3, 2025 · Referred to committee
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What it does
This bill prohibits federal agencies from restricting individuals' ability to use cryptocurrency for personal purchases or to hold their own digital assets in self-hosted wallets. It protects personal cryptocurrency ownership and use from federal agency interference, allowing people to buy goods/services and maintain independent control over their digital assets without government restriction.
Why we flagged it
The bill's operative mechanism is a prohibition on federal agency action — it removes a restraint on individual behavior rather than imposing new rules. It is fundamentally a rights-protection measure, not a regulatory carve-out or subsidy.
What the text implies
- The bill does not restrict state or local agencies, only federal ones — state-level cryptocurrency restrictions remain unaffected and may create a patchwork of compliance obligations.
- The 'lawful purpose' carve-out is undefined and may create litigation over what constitutes lawful use, potentially leaving enforcement ambiguous.
- Self-hosted wallet protection may complicate federal law-enforcement access to transaction records in criminal investigations, though the bill does not explicitly shield users from prosecution.
- The bill does not address custody risks (loss, theft, hacking) that self-hosted wallets entail — it protects the right to self-custody but not the security of assets held that way.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
The bill expands individual economic freedom by preventing federal agencies from restricting personal cryptocurrency use and self-custody, protecting citizens' ability to control their own digital assets. However, the bill does not address fraud, theft, or illicit-use risks that may fall outside its 'lawful purpose' carve-out, creating a potential gap between stated protection and real-world harms.
Who stands to gain
- cryptocurrency exchanges and wallet providers (reduced regulatory friction)
- individual cryptocurrency holders (protected from federal use restrictions)
Named in the bill
Federal agencies (unnamed), Cryptocurrency users, Self-hosted wallet providers, FinCEN (implied regulatory body under 31 CFR 1010.100)
Where it stands
3 cosponsors: 3 Republicans.
- Jan 3, 2025 — Introduced · Congress.gov: “Introduced in House”
- Jan 3, 2025 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
5 lobbying clients named this bill on 5 disclosure filings across 1 quarter, Jun 2026 to Jun 2026. Those filings disclosed $1,440,000 in lobbying spend. A filing names 13 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 78% of bills with at least one filing.
Warren Davidson, the sponsor, reported $297,400 in PAC receipts in the 2026 cycle.
- Solana Policy Institute — $610,000 on 1 filing
- Digital Currency Group — $410,000 on 1 filing
- Blockchain Association — $320,000 on 1 filing
- Blockchain Association — $50,000 on 1 filing
- Ledger Sas — $50,000 on 1 filing
Lobbying Disclosure Act filings through Jul 20, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,646 characters) on Oct 26, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,580 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2026 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-10-26.
“Congress protects your right to hold and use cryptocurrency without federal interference.” QuorumCivic. https://share.quorumcivic.app/bill/119/hr148 Report an error
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