Senate Judiciary Wants Dev Protections Out of Crypto Bill

Senators Seek End to Developer Exemptions in Crypto Bill

US Senate Judiciary Committee leaders Charles Grassley and Richard Durbin sent a letter dated January 14 to Banking Committee chair Tim Scott and ranking member Elizabeth Warren.

US Senate Judiciary Committee Pushes To Strip Developer Safeguards From Crypto Bill

The leadership of the Senate Judiciary Committee has called on the Senate Banking Committee to strip provisions that deal with protecting developers. This assertion is set against the backdrop of congressional disagreements regarding the regulation of electronic assets. Senior members of the US Senate Judiciary Committee have called upon the Senate Banking Committee to exploit the so-called developer protections proposed in the current version o…

US Senate panel seeks to strip crypto developer protections from market ...

US Senate Judiciary demand removal of developer exemptions from crypto bill - CoinCodeCap

Key Takeaways The senators presented Storm from Tornado Cash’s prosecution as why existing unlicensed money transmission statutes must remain available to prosecutors pursuing individuals connected to platforms facilitating financial crimes. Coinbase announced Wednesday it was withdrawing support for the legislation, citing objections to multiple components beyond developer protections. Senior US senators with oversight of federal criminal pros…

Senate Judiciary Wants Dev Protections Out of Crypto Bill

The Senate Judiciary Committee says it wasn’t consulted on Senate Banking’s crypto bill, arguing it must be changed to plug “a significant enforcement gap” it creates for crypto.