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‘CLARITY Act will improve’ – Lawmakers adopt developer protections into crypto bill

‘CLARITY Act will improve’ – Lawmakers adopt developer protections into crypto bill

The much-awaited crypto market structure bill, the CLARITY Act, has seen positive momentum in May. Now, even the previously contested software developer protections provision has been reportedly adopted. 

On Monday, Senator Cynthia Lummis, one of the leading champions of developer protection, said, 

Clarity Act is the most pro-law enforcement digital asset bill Congress has ever considered. Let’s get this done!

CLARITY Act CLARITY Act
Source: X

Will the CLARITY Act now move forward?

The Blockchain Regulatory Certainty Act (BRCA) seeks to exclude decentralized applications or individuals running nodes that support them from being treated as money transmitters. 

The BRCA argues that, provided operators or developers have no control over the user funds,…

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