Sen. Wyden Urges Senate Leaders to Keep Crypto Developer Protections in CLARITY Act

US Democratic Senator Ron Wyden has urged Senate leaders to preserve developer protections in the CLARITY Act, specifically the Blockchain Regulatory Certainty Act (BRCA) section, as lawmakers negotiate to pass the crypto market structure legislation before the midterm elections. Wyden sent letters to Senate Minority Leader John Thune and Majority Leader Charles Schumer arguing that protecting non-custodial software developers from being classified as money transmitters is critical for innovation and consumer control over digital assets.