#ron wyden

The post Senator Ron Wyden urges Congress to keep developer protections in CLARITY Act appeared on BitcoinEthereumNews.com. Sen. Ron Wyden has urged Senate leaders to keep legal protections for non-custodial blockchain developers in the CLARITY Act as negotiations over the crypto market structure bill continue. Summary Senator Ron Wyden has urged Senate leaders to keep protections for non custodial blockchain developers in the CLARITY Act. The proposed provision would clarify that software developers who do not control user funds are not treated as money transmitters. The Senate is still negotiating developer protections, ethics rules and other unresolved issues before the crypto market structure bill can move forward. In a letter sent to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer, Democratic Senator Ron Wyden urged congressional leaders to retain Section 604, known as the Blockchain Regulatory Certainty Act (BRCA), in any future version of the CLARI

Sen. Ron Wyden has urged Senate leaders to keep legal protections for non-custodial blockchain developers in the CLARITY Act as negotiations over the crypto market structure bill continue. In a letter sent to Senate Majority Leader John Thune and Senate…

The post Senate Leaders Urged to Keep Dev Protections in CLARITY Act appeared on BitcoinEthereumNews.com. US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms. Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer to preserve a section of the CLARITY Act known as the Blockchain Regulatory Certainty Act (BRCA), according to a letter shared by Crypto in America podcast co-founder Eleanor Terrett on Wednesday. “Developers who make and release software that allows people to manage their own digital assets — and, critically, where the developer does not control user assets — should not be treated as money transmitters solely because they create or publish software,” Wyden wrote. The letter comes after certain groups and lawmakers opposed the BRCA. A group of law enforcement organizations and a coalition of