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Bipartisan Bill Aims to Protect Crypto Developers from Overregulation

Bipartisan Bill Aims to Protect Crypto Developers from Overregulation

Author:

Global Cryptocurrency

Published:

2026-01-13 03:21:01

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BTCCSquare news:

U.S. Senators Cynthia Lummis (R-WY) and RON Wyden (D-OR) introduced the Blockchain Regulatory Certainty Act, a bipartisan bill clarifying that cryptocurrency software developers should not be classified as money transmitters if they do not control user funds. The legislation seeks to resolve regulatory ambiguity that has stifled innovation by subjecting developers to banking laws.

Senator Wyden criticized current rules as 'technologically illiterate,' warning they could infringe on privacy and free speech. The bill explicitly distinguishes between developers—who write code—and financial intermediaries like banks or payment processors. This legal clarity aims to foster innovation while maintaining consumer protections.

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