Aug 27, 01:54 PM

Crypto Coalition Tells Senate: Protect Developers or Lose Market-Structure Bill Support

A coalition of more than 110 cryptocurrency companies, investors and advocacy organisations on 27 Aug. delivered a joint letter to the U.S. Senate Banking Committee urging lawmakers to include explicit protections for software developers and service providers in pending digital-asset market-structure legislation. The initiative, coordinated by the DeFi Education Fund, warns that the group will withhold support for the bill if developers risk being classified as traditional financial intermediaries. Signatories include Coinbase, Paxos, Uniswap, Securitize, Jito Labs and trade bodies such as the Blockchain Association and the Crypto Council for Innovation. Industry participants say clear liability safeguards are essential to encourage innovation and to avoid what they describe as a return to earlier regulatory hostility toward decentralised finance. The letter raises the stakes for Congress as it works toward the first comprehensive federal framework for cryptocurrency markets.

#DeFi Education Fund #Coinbase #Paxos #Uniswap #Securitize #Jito Labs #Blockchain Association #Crypto Council for Innovation #Congress

Written with ChatGPT .

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