tldr; A coalition of 114 crypto companies and tech lobbying groups, including Coinbase, Kraken, and Solana Labs, issued a letter to the Senate Banking Committee opposing a crypto market structure bill unless it includes protections for software developers and non-custodial service providers. Concerns stem from potential criminal liability for developers under U.S. code 1960. The letter urges Congress to treat public blockchains as neutral infrastructure and shield developers from prosecution to prevent stifling innovation and driving blockchain development overseas.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wonderful_Bad6531 on
Protect the devs
!tip 1
kirtash93 on
This makes me really angry as a software engineer I am. its time to protect devs
🍩 !tip 1
Odd-Radio-8500 on
It’s encouraging to see the industry defending devs rights.
^(!tip 1)
Extension-Survey3014 on
That’s a bold step, it’s high them they stand their ground and defend what is right
!tip 1
MasterpieceLoud4931 on
Ethereum and its developers need legal shields. Most of what is on Ethereum is neutral infrastructure just like roads. We need something to prevent cases like the Tornado Cash case. Or they can do nothing and innovation escapes from the US.
6 Comments
tldr; A coalition of 114 crypto companies and tech lobbying groups, including Coinbase, Kraken, and Solana Labs, issued a letter to the Senate Banking Committee opposing a crypto market structure bill unless it includes protections for software developers and non-custodial service providers. Concerns stem from potential criminal liability for developers under U.S. code 1960. The letter urges Congress to treat public blockchains as neutral infrastructure and shield developers from prosecution to prevent stifling innovation and driving blockchain development overseas.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Protect the devs
!tip 1
This makes me really angry as a software engineer I am. its time to protect devs
🍩 !tip 1
It’s encouraging to see the industry defending devs rights.
^(!tip 1)
That’s a bold step, it’s high them they stand their ground and defend what is right
!tip 1
Ethereum and its developers need legal shields. Most of what is on Ethereum is neutral infrastructure just like roads. We need something to prevent cases like the Tornado Cash case. Or they can do nothing and innovation escapes from the US.
^(!tip 1)