112 Crypto Firms Demand Senate Protect Developers in Market Bill

A significant coalition of 112 crypto companies, investors, and advocacy groups has urged the US Senate to incorporate crucial protections for software developers and non-custodial service providers into upcoming market structure legislation. In a letter sent Wednesday to the Senate Banking and Agriculture Committees, these entities expressed their unified stance, urging lawmakers to ensure that these critical actors are not misclassified as intermediaries under outdated financial regulations.