Protect Developers Or No Deal On Market Bill
A broad coalition of crypto builders, investors and advocates has asked two Senate committees for clear federal rules to protect software creators and non-custodial service providers working on blockchain networks.
According to the letter, 115 groups signed the appeal to the Senate Committee on Banking and the Committee on Agriculture, and they made one demand plain: without explicit protections, they will not back market structure legislation.
Call For Federal Protections
The signers want lawmakers to make it clear that writing, publishing, or maintaining open-source blockchain software is not the same as running a bank or exchange.
Reports have disclosed concerns that developers could be treated as financial intermediaries even when…
