A bipartisan US senator proposal clarifies the legal responsibilities of crypto developers.

Senators Cynthia Lummis and Ron Wyden have reintroduced a bipartisan bill aimed at clarifying the specific circumstances under which crypto developers and infrastructure providers are considered money transmitters under federal law. The bill, known as the Blockchain Regulatory Certainty Act, distinguishes between developers who write or maintain blockchain software and financial intermediaries who control customer funds. According to the bill, developers and infrastructure providers who lack the legal rights or unilateral capacity to move users' digital assets will be excluded from the definition of money transmitters under federal law. Cynthia Lummis stated that developers who merely write code and maintain open-source infrastructure should not be classified as money transmitters without access to, control of, or control of user funds. Ron Wyden argued that forcing developers who write code to adhere to the same rules as exchanges or brokers is technically impractical and could infringe on privacy and freedom of speech.