An alliance composed of 112 cryptocurrency companies, investors, and advocacy organizations is calling on the U.S. Senate to include protective provisions for software developers and non-custodial service providers in the upcoming market structure legislation.
The DeFi Education Fund and its alliance partners sent a letter to the Senate Banking Committee and the Agriculture Committee on Wednesday, stating that the industry "speaks with a unified voice," urging lawmakers to ensure that developers and non-custodial participants are not misclassified as intermediaries under outdated financial rules.
The letter stated, "Provide strong national protections for software developers and non-custodial service providers in the market structure legislation. Without such protections, we cannot support the market structure bill."
Signatories include Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and nearly all major cryptocurrency lobbying groups in the U.S., from the Blockchain Association to the Digital Chamber of Commerce.
Cryptocurrency advocates believe that without strong protections, the U.S. risks losing its edge in open-source development. The letter cites data from Electric Capital showing that the share of U.S. open-source blockchain developers has dropped from 25% in 2021 to 18% in 2025, primarily due to regulatory uncertainty.
The letter stated, "To create an environment where innovators across the nation can confidently and safely build financial infrastructure, the final version of the market structure legislation must include clear federal protections for blockchain infrastructure developers and non-custodial service providers."
They added that these safeguards are crucial to prevent innovation from leaving the U.S., avoid conflicting state laws, and build on the bipartisan support seen in the CLARITY Act, which received overwhelming backing.
Last week, Senator Cynthia Lummis indicated that the digital asset market structure bill would reach President Donald Trump's desk "by the end of the year," aiming for passage through the Senate Banking Committee by September and the Senate Agriculture Committee by October.
This legislation will determine how the SEC and CFTC regulate the cryptocurrency market, with Lummis suggesting that the bill could arrive before Thanksgiving.
Related: Solana developers charged $5,000 for a single query on Google Cloud BigQuery
Original: “112 Crypto Companies Urge Senate to Protect Developers in Market Structure Bill”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
