US HB148

Federal agencies are prohibited from restricting, prohibiting, or impairing individuals' ability to use convertible virtual currency to purchase real or virtual goods and services for personal use

Individuals retain the right to self-custody digital assets using self-hosted wallets and conduct transactions for any lawful purpose without federal interference

"Convertible virtual currency" is defined as a medium of exchange with equivalent value to currency or that acts as a substitute for currency, even without legal tender status

"Self-hosted wallet" means a digital interface used to secure and transfer virtual currency where the owner maintains independent control over their assets

Introduced January 3, 2025 by Rep. Davidson and referred to the House Committee on Financial Services