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![handle is hein.congrecreports/crptxafvr0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-323
KEEP YOUR COINS ACT OF 2023
DECEMBER 19, 2023.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. MCHENRY, from the Committee on Financial Services,
submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 4841]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4841) to 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, having
considered the same, reports favorably thereon with an amendment
and recommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Keep Your Coins Act of 2023.
SEC. 2. PROHIBITION ON RESTRICTING USE OF CONVERTIBLE VIRTUAL CURRENCY BY A PER-
SON TO RETAIN FULL CONTROL OVER CONVERTIBLE VIRTUAL CURRENCY.
(a) IN GENERAL.-The head of a Federal agency may not prohibit, restrict, or oth-
erwise impair the ability of a covered user to-
(1) use convertible virtual currency or its equivalent for such user's own pur-
poses, such as to purchase real or virtual goods and services for the user's own
use; or
(2) self-custody digital assets using a self-hosted wallet or other means to con-
duct transactions for any lawful purpose.
(b) DEFINITIONS.-In this section:
(1) CONVERTIBLE VIRTUAL CURRENCIES.-The term convertible virtual cur-
rency means a medium of exchange that-
(A) has an equivalent value as currency (as defined in section 1010.100
of title 31, Code of Federal Regulations (or successor regulations)); or
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