In brief
- Senators Lummis and Wyden proposed clarifying when developers qualify as money transmitters.
- The bill ties a developer’s liability to control over assets rather than to writing or maintaining software.
- Developer liability is shaping how stakeholders assess broader crypto legislation, Decrypt was told.
Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) have reintroduced bipartisan legislation to clarify when and how crypto developers and infrastructure providers may be treated as money transmitters under federal law.
The proposal, dubbed the Blockchain Regulatory Certainty Act, aims to clarify the distinction between developers who write or maintain blockchain software and financial intermediaries that control customer funds,…
Jan 13 2026
