Crypto developer protections don't belong in market structure bill, senators say

2026-01-16 23:20:15

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Source: CryptoNewsNet Original Title: Crypto developer protections don’t belong in market structure bill, senators say Original Link: https://cryptonews.net/news/legal/32290827/ The Blockchain Regulatory Certainty Act would weaken federal money transmitter rules and should not be included in crypto market structure legislation, according to U.S. senators running the Senate Judiciary Committee.

Section 604 of the Banking Committee’s market structure bill aims to protect software developers from criminal liability if third parties misuse their products. However, Senators Chuck Grassley and Dick Durbin—the Republican chairman and ranking Democrat on the Judiciary Committee—argue that this provision would “weaken” federal laws around unlicensed money transmitter businesses.

“The Senate Judiciary Committee, which has jurisdiction over Title 18, was not consulted or given the opportunity to meaningfully review the proposed changes in advance,” the senators stated in their letter.

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