Crypto Entities Urge Senate to Protect Developers in New Regulations

Over 110 cryptocurrency companies, including DeFi Education Fund and Coinbase, have formally requested the U.S. Senate to ensure clear protections for software developers in upcoming digital asset regulations. Their request aims to prevent burdensome regulations on noncustodial software creators and foster continued innovation within the crypto ecosystem. This petition highlights a growing consensus across both political parties and industry leaders that noncustodial software should not be subject to excessive oversight, particularly in light of concerns raised regarding past regulatory initiatives.