Senator Cynthia Lummis Blockchain Developer Bill: Clarifying Rules for the Crypto Future
Senator Cynthia Lummis has introduced a new bill focusing on the treatment of blockchain developers, marking a key moment in US crypto regulation history.
Are blockchain developers the captains of the ship or just the architects of the engine? On January 12, 2026, Senator Cynthia Lummis introduced a standalone bill to answer this trillion-dollar question by defining the legal treatment of software developers in the crypto space.
The Senator Cynthia Lummis Blockchain Developer Bill: Narrowing the Focus
The bill aims to protect software creators from being classified as "financial institutions" or "brokers." According to sources, this move would exempt coders from strict AML and KYC requirements that are typically reserved for entities that actually handle or transfer customer funds.
A Strategic Prelude to the 'Big Show'
While this standalone bill is a significant step, crypto market structure observers are waiting for the more comprehensive legislation expected later this year. Lummis's tactical choice to push a focused bill suggests a desire to secure early wins on non-custodial issues before tackling the more contentious aspects of market oversight.
This content is AI-generated based on source articles. While we strive for accuracy, errors may occur. We recommend verifying with the original source.
Related Articles
Cardano founder Charles Hoskinson criticizes Donald Trump's crypto policy as extractive, warning of massive industry fallout and a departure from decentralization.
Senator Elizabeth Warren is questioning SEC Chair Paul Atkins over the risks of including cryptocurrency in 401(k) retirement plans following Trump's executive order.
Senate action on crypto market structure legislation could end regulatory uncertainty and trigger a re-rating of crypto-linked stocks like Coinbase.
Traders see a 70% chance for the 2026 stablecoin bill passage, but reward system disputes are causing bipartisan support to fray in Congress.
Cardano founder Charles Hoskinson criticizes Donald Trump's crypto policy as extractive, warning of massive industry fallout and a departure from decentralization.
Senator Elizabeth Warren is questioning SEC Chair Paul Atkins over the risks of including cryptocurrency in 401(k) retirement plans following Trump's executive order.
Senate action on crypto market structure legislation could end regulatory uncertainty and trigger a re-rating of crypto-linked stocks like Coinbase.
Traders see a 70% chance for the 2026 stablecoin bill passage, but reward system disputes are causing bipartisan support to fray in Congress.