United Crypto Lobbyists to Senate: Protect Developers or We Kill the Bill

• A massive coalition of over 100 crypto companies and advocacy groups, including Coinbase, Kraken, Ripple, a16z, Grayscale, Uniswap Labs, and Solana Labs, has sent a formal letter to the Senate Banking Committee
• The crypto lobbyists argue that developers should not be held criminally liable for third-party misuse of open-source tools
• This is the largest crypto advocacy coalition in history, coordinated mainly by the DeFi Education Fund

A massive coalition of over 100 crypto companies and advocacy groups, including Coinbase, Kraken, Ripple, a16z, Grayscale, Uniswap Labs, and Solana Labs, has put the Senate Banking Committee on notice. In a formal letter, the group stated that they cannot support the upcoming Market Structure Bill unless it includes explicit legal protections for software developers and non-custodial service providers.

The letter states:

“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill.”

Crypto lobbyists argue that developers should not be held criminally liable for third-party misuse…

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