The junior Senator of the United States, Senator Ted Budd (R-NC) Introduces 'Keep Your Coins Act' to Protect Right to Use Self-Hosted Wallets
These act was introduced to allow individuals to maintain the custudy of the coins or cryto currencies in there self-hosted wallet. He further stated that the reason for this "Keep Your Coins act" would protect an individual’s right to conduct transactions with cryptocurrency assets without the need to utilize a third-party intermediary. And the reason behind this is a prior to FTX collapse that it would save people from third party risk.
That is a good message from the junior United States Senator, Senator Ted Budd (R-NC) which was born out of the many concerns felt after the FTX incident and is also considered a positive step forward even though we know that we users are fully responsible for the security of our own funds even when using self-hosted wallet.
Do you think this will affect CEX?
Do you think this is a bold step to embrace the use of DEX?
As for Influence, yes, there will definitely be especially if the 'Keep Your Coins Act' is implemented because users prefer decentralized exchanges (DEX) to gain greater autonomy. For the second point, I can't say for sure that the answer will always vary if asked that way.
