Crypto lobby wants software dev protections added to crypto bill

Crypto lobby wants software dev protections added to crypto bill


The largest US crypto lobbying groups have asked lawmakers to include protections for software developers and infrastructure providers in a bill aiming to regulate the crypto space.

A joint statement on June 5 by the DeFi Education Fund, Coin Center, the Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovatio, and the Bitcoin Policy Institute requested an additional bill be tacked on to a crypto market structure bill.

The group urged lawmakers to add the Blockchain Regulatory Certainty Act (BRCA), exempting software developers of non-custodial crypto platforms from being classified as money transmitters, to the Digital Asset Market Clarity (CLARITY) Act of 2025.

The CLARITY Act, introduced in late May, would redefine the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission toward digital assets, while Representatives Tom Emmer and Ritchie Torres reintroduced the BRCA last month.

okex

“It is critically important to remember that developers creating peer-to-peer, non-custodial software and the infrastructure providers who enable decentralized networks have little in common with traditional financial institutions and should not be treated as such,” the lobby group said.

Source: DeFi Education Fund

Coin Center communications director Neeraj Agrawal added that the group’s priority was also watching “for the ever-present risk of unconstitutional surveillance requirements being added” to crypto.

Related: Lummis: Fed confirmation signals ’brighter future for digital assets’

Earlier this week, the US crypto lobby urged US lawmakers to pass a stablecoin-regulating bill as quickly as possible, asking for lawmakers not to add clauses to the bill and stop debate around the measure.

US policymakers shift on crypto

Government entities regulating crypto in the US have changed their stance on the industry under the Trump administration.

On June 3, SEC chair Paul Atkins told the Senate that the days of regulating crypto via enforcement are over and that the regulatory watchdog will instead engage with industry participants before passing legislation.

Next week, the Senate will decide if Brian Quintenz, President Donald Trump’s pick to lead the CFTC, will be appointed to the role. Quintenz has disclosed assets worth $3.4 million, including crypto.

Magazine: China to ban owning Bitcoin? Gate.io to pay $30M over liquidations



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Crypto-Moon
Blockonomics
Crypto-Moon
Crypto lobby wants software dev protections added to crypto bill
okex
Binance
Bhutan Moves $74M in Bitcoin to Binance as BTC Hits $120K
At Least 36 Public Firms to Add Bitcoin by Year-End: Blockware
Binance’s CZ Denies Bloomberg Report on Trump-Backed USD1 Stablecoin
GMX Exploiter Starts Returning $40M in Stolen Crypto After Bounty Deal
Akave Cloud Launches Decentralized Data Layer on Avalanche L1
Crypto VC Funding Hits $10B in Q2 2025, Highest Since 2022
BTCC
Blockfi
10 Public Companies You Didn’t Know Are Stacking Bitcoin
Bitcoin hits new all-time high above $121K as bulls tighten their grip
Whales Increase Holdings by 12% Despite Market Downturn
Metaplanet CEO Quietly Helps Acquire Asian Firms to Push Bitcoin Agenda
Bhutan Moves $74M in Bitcoin to Binance as BTC Hits $120K
10 Public Companies You Didn’t Know Are Stacking Bitcoin
Bitcoin hits new all-time high above $121K as bulls tighten their grip
Whales Increase Holdings by 12% Despite Market Downturn
Metaplanet CEO Quietly Helps Acquire Asian Firms to Push Bitcoin Agenda