U.S. Congressman Warren Davidson introduced the bill to prevent restrictions on the use of the currency, as happened in Canada.
U.S. Congressman Warren Davidson has introduced legislation to the U.S. Congress entitled “Keep Your Coins Act” (Keep Your Coins Act). This comes in the wake of growing concern over the Canadian government’s crackdown on some civil liberties for truckers protesting policies over the COVID-19 pandemic, especially mandatory vaccination.
As told by DiarioBitcoin, the truckers opened several crowdfunding, both in GoFundMe as on other platforms, including cryptocurrencies to financially support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. their protests, but these were blocked by the government who yesterday even talked about blocking their bank accounts and, what has the crypto community alarmed:vigilar las transacciones con criptomonedas.
In the face of these measures, Davidson proposes legislation to prevent the same thing from ever happening to Americans.
So says Davidson in Twitter:
Our office will soon introduce legislation in the U.S. House of Representatives to protect Americans from this version of outright theft.
Please inform your member of Congress and senators…
Our office will be introducing legislation in the US House of Representatives shortly to protect Americans from this version of overt theft.
Please let your Member of Congress and Senators know… https://t.co/UbNdcj8ZZ4
— Warren Davidson (@WarrenDavidson)February 15, 2022
What the law would do
If passed, the bill would would prevent any agency head from banning or restricting”. the ability of a covered user to: (1) use virtual currency currency is a medium of exchange that defines value. or its equivalent for such user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use; or (2) conduct transactions through a self-hosted wallet.”
The medium Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Magazine spoke with Congressman Davidson about the bill, who explained that it is not an overnight legislation or specifically in response to what happened in Canada:
“We started working on the text after it became obvious that Secretary Yellen would resurrect the effort to restrict self-custody. If they can’t stop cryptocurrencies, they want to try to move them to an account-based system.” the congressman replied.
He added that the draft provides a framework for the standard KYC ‘Know Your Client’. A procedure when a trading platform or exchange would require you to confirm your identity in order for you to use them. (Know Your Customer ) that protects self-custody. With regard to the Canadian situation, he noted:
“ We should not use money as a way to control people. . Of course, if there is criminal activity, you should go after that.”
Version of DiarioBitcoin
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