Over 100 Crypto Firms Urge Senate to Secure Developer Rights
TLDR
- 112 crypto companies urge Senate to include protections for software developers in market bill.
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Industry advocates warn of losing open-source developers without clear federal protections.
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Crypto firms insist market bill should protect non-custodial services and blockchain developers.
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Bipartisan support for the CLARITY Act shows promise for broader crypto protections.
A coalition of 112 crypto companies, investors, and advocacy groups is calling on the U.S. Senate to protect software developers and non-custodial service providers in the upcoming market structure bill. The groups have voiced concerns over the potential misclassification of developers under outdated financial rules. These protections are seen as…
