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US Senator Cynthia Lummis has introduced new legislation aimed at protecting Bitcoin developers and open source software creators from being classified as money transmitters. The move addresses a critical regulatory gap that has left many developers working in the space facing legal uncertainty.
"Developers building the future of digital finance shouldn't have to operate under the shadow of prosecution," the proposal emphasizes. By clarifying the regulatory treatment of developers and open source contributions, the bill seeks to remove unnecessary compliance barriers that have deterred innovation in blockchain development. This legislative push could signal a shift toward more developer-friendly regulatory frameworks in the US crypto ecosystem.