U.S. Senator Mike Lee (R-UT) has cosponsored the Keep Your Coins Act alongside U.S. Senator Tedd Budd (R-NC). This legislation aims to allow Americans to maintain self-custody of their crypto assets, thereby protecting their financial privacy and freedom from regulatory constraints 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. He emphasized the erosion of financial privacy due to Washington’s surveillance practices over decades and expressed his support for the bill as a means to safeguard Americans’ ability to maintain self-custody of crypto assets.
Senator Budd highlighted that self-custody is a fundamental principle of the digital asset ecosystem that requires protection. “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,” he stated, urging colleagues to support this legislation aimed at securing financial freedom within the digital asset ecosystem.
The bill has received backing from leading wallet platforms such as Exodus, Ledger, Casa, Block, MetaMask, and Uniswap. These platforms expressed approval for Senator Budd’s introduction of the act, which aligns with Congressman Davidson’s similar proposal in the House. They view it as crucial legislation that protects individuals’ rights to own digital property without regulatory interference.
The Keep Your Coins Act seeks to prevent federal access and surveillance within the digital asset ecosystem by prohibiting any federal agency from enacting rules that would impair an individual’s ability for self-custody. It also safeguards individuals’ rights to conduct peer-to-peer transactions without third-party intermediaries and empowers them through self-hosted wallets for greater financial autonomy.
