Ohio Eighth District Congressman Warren Davidson has introduced a bill in the House of Representatives titled “Save Your Coins.”
The bill seeks to protect independent cryptocurrency wallets of individuals from control by U.S. government agencies.
If enacted, the bill would “prohibit federal agencies from restricting an individual’s use of convertible virtual currency to purchase goods or services of his or her own use. This would also apply to cryptocurrency transactions.
Davidson said the bill had been in development for six years before it was introduced in the House.