Coin Center Urges Senate to Advance Crypto Developer Protection Bill

Washington-based policy group Coin Center is pressing the U.S. Senate Banking Committee to move forward with the Blockchain Regulatory Certainty Act, warning that weakening the proposal could harm blockchain innovation in the United States.

Originally introduced in 2018 by Tom Emmer, the bill was recently updated by Senators Cynthia Lummis and Ron Wyden. The revised draft aims to clarify that software developers and infrastructure providers who do not control customer funds should not be classified as money transmitters under federal law.

Coin Center argues that developers of blockchain software should receive the same legal protections as internet service providers or cloud platforms, which are not prosecuted when bad actors misuse their services.

Legal Pressure on Crypto Developers Intensifies

The push comes after several high-profile convictions, including Tornado Cash developer Roman Storm and Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill.

Coin Center maintains that without clearer safeguards, ongoing legal uncertainty may drive blockchain developers offshore and weaken the country’s role in digital asset innovation.

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