The passage of the self-custody bill was the latest in a series of crypto-related bills sailing through over the past week.
The bill was intended to protect crypto users’ right to maintain custody of their digital assets.
“Not your keys, not your coins” is a fairly popular phrase thrown around in crypto circles, reminding users of the importance of self-custody. The slogan emphasizes that instead of entrusting their funds with a third-party custodian, consumers should preferably store them in a non-custodial wallet which would guarantee ownership.
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