If America wants to lead in crypto, it must protect the people who build it (opens original article in a new tab)

Crypto industry leaders are urging the U.S. Senate to preserve the Blockchain Regulatory Certainty Act (BRCA) provisions in the Clarity Act to protect software developers from being classified as money transmitters, as weakening these protections could push innovation offshore and harm America's leadership in digital finance.

• Crypto industry leaders urge Senate to maintain Clarity Act protections for software developers
• BRCA provision ensures developers are not classified as money transmitters under federal law
• U.S. share of open-source crypto developers has dropped from 38% to 19% since 2015
• BRCA aligns with 2019 FinCEN guidance and prevents developers from being treated like banks