{"id":433456,"date":"2026-07-09T13:13:30","date_gmt":"2026-07-09T07:43:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/senate-leaders-urged-to-keep-dev-protections-in-clarity-act-crypto-news\/"},"modified":"2026-07-09T13:18:00","modified_gmt":"2026-07-09T07:48:00","slug":"senate-leaders-urged-to-keep-dev-protections-in-clarity-act-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/senate-leaders-urged-to-keep-dev-protections-in-clarity-act-crypto-news\/","title":{"rendered":"Senate Leaders Urged to Keep Dev Protections in CLARITY Act – Crypto News"},"content":{"rendered":"
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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.<\/p>\n

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<\/a> by Crypto in America podcast co-founder Eleanor Terrett on Wednesday.<\/p>\n

\u201cDevelopers who make and release software that allows people to manage their own digital assets \u2014 and, critically, where the developer does not control user assets \u2014 should not be treated as money transmitters solely because they create or publish software,\u201d Wyden wrote.<\/p>\n

The letter comes after certain groups and lawmakers opposed the BRCA. A group of law enforcement organizations and a coalition of Catholic organizations last month argued<\/a> it could create gaps in the oversight of illicit activity.<\/p>\n

Meanwhile, crypto groups have urged the Senate to keep the section intact<\/a>, arguing that developers of non-custodial technology can\u2019t control user funds and should not be treated as financial intermediaries.<\/p>\n

Negotiations over provisions in the bill are ongoing. Senate leaders are pushing for the bill<\/a> to be passed this month, and will want to bring to the floor a bill that has wide support to avoid prolonged debate.<\/p>\n

BRCA needed for US to remain competitive: Wyden<\/h2>\n

In his letter, Wyden argued that treating crypto developers as money transmitters \u201cpunishes technological innovation and advancement in strategically important areas at a time when the United States must remain globally competitive.\u201d<\/p>\n

He added that the BRCA reflects guidance from the Financial Crimes Enforcement Network and gives legal certainty for developers of open-source and non-custodial projects \u201cto continue building and developing the decentralized finance ecosystem right here in the United States.\u201d<\/p>\n

\u201cSmart policy will empower law enforcement to do its job and facilitate innovation at the same time,\u201d Wyden wrote. \u201cAs the Senate continues its consideration of the Clarity Act, I urge you to include the Blockchain Regulatory Certainty Act in any legislative package.\u201d<\/p>\n

Related: <\/strong><\/em>Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act<\/strong><\/em><\/a><\/p>\n

The Senate has other provisions in the CLARITY Act that are at issue before it can go to a floor vote, with some lawmakers calling for tighter ethics provisions on government officials\u2019 involvement in crypto after US President Donald Trump revealed he made $1.4 billion<\/a> from his crypto interests last year.<\/p>\n

Lawmakers who back the bill want to pass it before this Congress is out to avoid having to reintroduce it into a new Congress next year.<\/p>\n

However, the timeline for the bill to pass before the midterm elections in November is tightening, as Congress will also take a monthlong recess in August.<\/p>\n

That tight timeline saw Galaxy Digital recently cut its odds<\/a> of the CLARITY Act becoming law this year to 50%, saying that the Senate is running out of time to move on the bill before its August recess.<\/p>\n

Features: <\/strong><\/em>Crypto lobby spending on Republicans far outpaces Democratic support<\/strong><\/em><\/a>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":433457,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-433456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=433456"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433456\/revisions"}],"predecessor-version":[{"id":433458,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433456\/revisions\/433458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/433457"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=433456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=433456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=433456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}