In a significant push for digital asset regulations, 112 prominent crypto companies and advocates have requested the US Senate to include comprehensive protections for developers and non-custodial service providers. This coalition of industry leaders expressed concerns over dwindling open-source development talent amidst regulatory uncertainty in the U.S., urging lawmakers to act swiftly and proactively.
The letter, sent to the Senate Banking and Agriculture Committees, argues that these protections are critical to fostering innovation within the crypto space. It highlights a sharp decline in the number of US blockchain developers from 25% in 2021 to 18% in 2025, largely attributed to regulatory uncertainties.