Senate Draft Bill Gains Community Praise for Strongest Developer Protections in Crypto Law

• Senate draft bill praised for the strongest crypto developer protections to date.
• Proposal clarifies DAO governance, staking, airdrops, and token protections.
• Draft sets dual oversight with the SEC for securities and the CFTC for commodities.

The Senate Banking Committee’s latest market structure discussion draft has received positive initial reactions from cryptocurrency industry leaders. The 182-page “Responsible Financial Innovation Act of 2025” text, released Friday afternoon, contains what experts describe as the most comprehensive developer protection language seen in federal legislation to date.

Amanda Tuminelli, executive director and CLO at DeFi Education Fund, praised the draft’s developer protections and called them the best language observed in any previous legislative proposal. Legal expert Gabriel Shapiro highlighted the bill’s improved approach to decentralized governance systems. He also noted that the legislation addresses previous concerns about governance tokens potentially creating securities law complications.

Legislative Framework Addresses Key Industry Concerns

Shapiro specifically commended the draft’s handling of dec…

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