60+ crypto CEOs and founders urge Senate to keep CLARITY Act from treating devs as money transmitters
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Promote with Leviathan NewsMore than 60 crypto CEOs and founders, including names from A16Z Crypto, Block, Coinbase and Solana, are pressing Senate leaders to keep developer protections in the CLARITY Act. The core ask is simple: open-source devs, validators and non-custodial wallet providers that do not control funds or execute transactions should not get dragged into broker, custodian or money-transmitter rules. Kristin Smith says the bill has a real shot in the Senate, so this is the industry trying to lock BRCA-style protections in before a possible summer floor vote.
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