Breaking: US Senator Cynthia Lummis has introduced a legislative proposal aimed at protecting Bitcoin developers from being classified as money transmitters. The bill seeks to provide developers with the regulatory clarity needed to build innovative solutions in digital finance without facing prosecution risks. This move represents a significant step toward establishing clearer legal frameworks for the cryptocurrency development community, potentially removing barriers that have hindered innovation and project deployment in the sector.
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DustCollector
· 5h ago
Lumis's move in this game is quite impressive... Finally, someone is speaking the truth. The issue of developers being hunted down as currency transmitters needs to be addressed.
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NFT_Therapy_Group
· 5h ago
Lumis played this move well; finally, someone is speaking up for the developers... But can this bill really pass? It still depends on the subsequent developments.
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GasFeeNightmare
· 5h ago
Lumis's move is a bit late; developers have already been scared into shrinking back... But if it really goes through, the legal costs saved would be enough for me to add a few more gwei.
Breaking: US Senator Cynthia Lummis has introduced a legislative proposal aimed at protecting Bitcoin developers from being classified as money transmitters. The bill seeks to provide developers with the regulatory clarity needed to build innovative solutions in digital finance without facing prosecution risks. This move represents a significant step toward establishing clearer legal frameworks for the cryptocurrency development community, potentially removing barriers that have hindered innovation and project deployment in the sector.