🚀 Good news for crypto users! US Senator Ted Budd proposed the Keep Your Coins Act bill to protect individuals' rights to manage their own crypto assets without third-party intermediaries. The bill comes after the FTX exchange crash last year showed the vulnerability of centralized storage systems.

What does the Keep Your Coins Act bill offer?

1. Allows crypto users to have personal digital wallets;

2. Prohibit federal agencies from proposing rules that impede individuals' capacity as custodians of their own digital assets.

Senator Budd emphasized the importance of this bill, "We must empower individuals to control their own digital assets to create financial freedom and a more decentralized crypto ecosystem."

Meanwhile, a similar bill has also been proposed by US Congressman Warren Davidson, which focuses on preventing regulations requiring the use of third-party custodians for digital wallets.

However, this bill faced opposition from Senator Elizabeth Warren who proposed a different bill to limit the use of private crypto wallets.

What do you think about the Keep Your Coins Act bill? Is this the right step to protect the freedom of crypto users? Come on, discuss it in the comments column! 😄