Crypto industry leaders jointly urge the Senate to retain the developer protection provisions of the Clarity Act.

Odaily Planet Daily reports that several founders, CEOs, and investors in the crypto industry recently sent a joint letter to Senate leadership, urging them not to weaken the protections for software developers in the Clarity Act. The letter states that removing these protections could lead to the loss of relevant technology developers in the United States. The US Congress is pushing for a formal regulatory framework for digital assets. The Senate Banking Committee has advanced the Clarity Act with bipartisan support, and the bill is currently preparing for a full Senate vote. A key component is the Blockchain Regulatory Certainty Act (BRCA). This provision stipulates that entities that merely write open-source software, run nodes, or assist in verifying transactions, and have never taken over or controlled other people's funds, should not be considered money transfer entities under federal law. (CoinDesk)