Senate Leaders Urged to Keep Dev Protections in CLARITY Act
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Senate Leaders Urged to Keep Dev Protections in CLARITY Act
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 podcas…
Senator Wyden Urges Preservation Of BRCA In CLARITY Act
Democratic Party Senator Ron Wyden urged Senate Majority and Minority Leaders to preserve the BRCA in the CLARITY Act. He highlighted that the safe harbor provisions for decentralized, non-custodial software developers ensure the continuous progress of financial innovation in the US. Among the much-debated subjects of the Digital Asset Market CLARITY Act right now are its safe harbor provisions for open-source software developers. Recently, Sena…
Senator Ron Wyden Fights to Keep Blockchain Developer Shields in Senate Crypto Bill
Senator Ron Wyden wants the Senate to hold the line. The Oregon Democrat is pushing hard to keep developer protections… Read the original on Senator Ron Wyden Fights to Keep Blockchain Developer Shields in Senate Crypto Bill. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
🚨 US Senator Ron Wyden requested that Section 604 of the Clarity Act be preserved. 📌 The amendment stipulates that developers who do not hold customer funds should not be considered money transfer agents. ⚖️ Law enforcement agencies have warned that the provision could create loopholes in tracking money laundering and proceeds of crime. 🗓️...
Senator Wyden pushes to include blockchain act in Clarity Act on Senate floor
Wyden's push for blockchain regulation highlights ongoing tensions in balancing innovation with regulatory clarity, impacting future tech policy. The post Senator Wyden pushes to include blockchain act in Clarity Act on Senate floor appeared first on Crypto Briefing.
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