Warren Davidson introduces bill to protect self-hosting of cryptocurrencies

The bill, which was introduced on February 15, aims “[t]o prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person’s own use, and for other purposes.”

Specifically, the bill bars agency heads from restricting the ability to “[u]se virtual currency or its equivalent for such user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use; or conduct transactions through an self-hosted wallet.”

Davidson further elaborated on his overall support for the independent operation of crypto. “People should run their own nodes and have self-custody over some portion of their digital assets,” he said.

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