This legislation aims to prevent federal agencies from restricting individuals' use and control over their convertible virtual currency . It explicitly prohibits agencies from impairing a covered user's ability to use such currency for their own purposes, such as purchasing goods or services. The bill also ensures individuals can self-custody digital assets using a self-hosted wallet or other means for lawful transactions. A "covered user" is defined as a person obtaining virtual currency for personal purchases, regardless of acquisition method. "Convertible virtual currency" refers to a medium of exchange equivalent to or substituting for traditional currency, while a "self-hosted wallet" is a digital interface where the owner retains independent control over their virtual currency.