Breaking: U.S. legislators are moving to protect blockchain developers through new legal measures. Proposed legislation seeks to prevent developers from being automatically classified as money transmitters simply for building on blockchain networks. This represents a significant step toward regulatory clarity in the crypto space, addressing long-standing concerns about how payment rails and DeFi protocols should be treated under existing financial regulations. The move could substantially reduce compliance barriers for independent developers and open-source contributors working in the Web3 ecosystem.
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SchrodingerWallet
· 01-15 05:41
Someone finally spoke to the developers; this move was indeed overdue.
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ShitcoinArbitrageur
· 01-13 23:32
Finally, someone is taking care of this issue, and developers no longer have to be treated as money launderers.
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DeFiVeteran
· 01-13 01:07
Finally, someone is going to regulate this absurd classification. Developers are not banks, so why are they being treated like a pawnshop?
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CodeZeroBasis
· 01-13 01:07
Finally some movement, is the developer's nightmare about to end?
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MEVSandwichVictim
· 01-13 00:58
Finally, someone is speaking up for the developers. This wave of regulation has been eye-opening.
Breaking: U.S. legislators are moving to protect blockchain developers through new legal measures. Proposed legislation seeks to prevent developers from being automatically classified as money transmitters simply for building on blockchain networks. This represents a significant step toward regulatory clarity in the crypto space, addressing long-standing concerns about how payment rails and DeFi protocols should be treated under existing financial regulations. The move could substantially reduce compliance barriers for independent developers and open-source contributors working in the Web3 ecosystem.