,,ii  #aahth ,,congress  #ast ,session  
,s4 #cbbi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #f1  
#bjbc,mr4 ,budd introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,banking1         
,housing1 and ,urban ,affairs  ,a ,,bill
  ,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 
use1 and for other purposes4  #a4       
,prohibition on restricting use of      
convertible virtual currency by a person
 to purchase goods or services for the  
person's own use  7a7 ,in general ,no   
agency head may prohibit or otherwise   
restrict the ability of a covered user  
to-- 7#a7 use virtual currency or its   
equivalent for such user's own purposes1
 such as to purchase real or virtual    
goods and services for the user's own   
use2 or  7#b7 conduct transactions      
through a self-hosted wallet4  7b7      
,definitions ,in this section3 7#a7     

,convertible virtual currencies ,a      
medium of exchange that-- 7,a7 has an   
equivalent value as currency 7as defined
 in section #ajaj4ajj of title #ca1     
,code of ,federal ,regulations 7or      
successor regulations772 or  7,b7 acts  
as a substitute for currency but may not
 possess all the attributes 7including  
legal tender status7 specified under    
such section #ajaj4ajj4  7#b7 ,covered  
user ,the term covered user means a     
person that obtains convertible virtual 
currency to purchase goods or services  
on that person's own behalf1 without    
regard to the method in which such      
covered user obtained such convertible  
virtual currency4  7#c7 ,self-hosted    
wallet ,the term self-hosted wallet     
means an interface-- 7,a7 used to secure
 and transfer convertible virtual       
currency2 and  7,b7 under which the     
owner of convertible virtual currency   
retains independent control over such   
convertible virtual currency that is    
secured by such digital interface4