WASHINGTON – U.S. Senator Mike Lee (R-UT) cosponsored the Keep Your Coins Act today with U.S. Senator Tedd Budd (R-NC) to allow Americans to maintain self-custody of crypto assets, protecting their financial privacy and freedom from burdensome regulations and third-party custodians. 

“Americans deserve to keep their crypto assets where they choose – not where they’ve been forced by the federal government,” said Senator Mike Lee. “Washington’s dragnet-style surveillance has eroded the financial privacy of law-abiding Americans for decades. I’m proud to join Senator Budd’s Keep Your Coins Act to protect Americans’ privacy and ability to maintain self-custody of crypto assets.”

“Self-custody is a founding principle of the digital asset ecosystem and needs to be protected. I introduced the Keep Your Coins Act of 2025 to ensure the federal government cannot infringe on a person’s ability to control their own digital assets. If cryptocurrencies are going to be digital cash, we need to protect a person’s right to hold their digital cash however they want. I urge my colleagues to support this common-sense legislation to ensure financial freedom for the digital asset ecosystem,” said Senator Budd.

Leading wallet platforms Exodus, Ledger, Casa, Block, MetaMask, and Uniswap joined in celebrating the reintroduction of the Keep Your Coins Act, saying:

"As leading providers of self-custodial wallets, we applaud Senator Budd's introduction of the Keep Your Coins Act, which mirrors Congressman Davidson's bill in the House. This crucial legislation protects individuals' fundamental right to own digital property by safeguarding against regulatory overreach. We look forward to continuing to support this legislation and establishing the United States as a haven for financial autonomy and economic freedom.”

The Keep Your Coins Act:

Prevents the federal government from having access to and surveillance of transactions in the digital asset ecosystem by:

• Prohibiting any federal agency from promulgating a rule that would impair an individual’s ability to act as a self-custodian.
• Protecting an individual’s right to conduct peer-to-peer transactions with their digital assets without the need to utilize a third-party intermediary.
• Empowering individuals to maintain control over their digital assets through self-hosted wallets to ensure financial freedom and a decentralized cryptocurrency ecosystem.