- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Two U.S. Senators from Major Parties Propose Outlining Legal Liability for Crypto Developers
BlockBeats News, January 13th, according to Decrypt, U.S. Senators Cynthia Lummis and Ron Wyden stated that they have reintroduced a bipartisan bill aimed at clarifying the specific circumstances under which cryptocurrency developers and infrastructure providers would be considered money transmitters under federal law. The bill, known as the Blockchain Regulatory Certainty Act, seeks to differentiate developers writing or maintaining blockchain software from financial intermediaries controlling customer funds.
Under the bill, as long as developers and infrastructure providers do not have the legal right or unilateral ability to move user digital assets, they would be excluded from the federal legal definition of money transmitter. Cynthia Lummis stated that developers solely writing code and maintaining open-source infrastructure should not be classified as money transmitters when they do not touch, control, or access user funds. Ron Wyden stated that imposing the same rules on code writers as on exchanges or brokers is technically infeasible and could infringe on privacy and free speech.
You may also like
BSC’s USD1 Pool Meme Coin ‘An’ Sees Significant Surge
Key Takeaways The BSC chain’s USD1 pool meme coin ‘An’ experienced a notable market cap surge, exceeding $47.92…
Price Alert Feature Is Now Live
Stay Informed of Key Market Movements with our new Price Alert feature!
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
a16z Secures $15 Billion: Redefining Venture Capital Through Visionary Storytelling
Key Takeaways a16z Raises Capital: The firm has raised an astronomical $15 billion, marking a significant point in…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?
Error Prevented Content Extraction: Causes and Solutions
Key Takeaways Excessive requests can result in blocked access to data sources. Ensuring adherence to API usage policies…
80% of oil income settled in stablecoins, Venezuela makes USDT its second currency
After Stepping Down as Mayor of New York City, He Pivoted to Selling Cryptocurrency
New Drag-to-Set TP/SL Candlestick Chart Feature on Web
Make risk management more intuitive and efficient! The WEEX web platform is introducing the "Drag-to-set TP/SL" feature.
Crypto Rich Threaten to Depart California Amid New Tax Proposal
Key Takeaways Proposed California tax imposes a 5% assets tax on residents with over $1 billion, sparking debate…
zkSync Price Forecast – ZK Value Anticipated to Decline to $0.026629 by January 15, 2026
Key Takeaways zkSync’s current price is $0.034635, with an anticipated drop to $0.026629 by mid-January 2026. The crypto…
South Korea to Lift Longstanding Ban on Corporate Crypto Investments
Key Takeaways South Korea is lifting a nine-year ban on corporate cryptocurrency investments, allowing firms to invest up…
Coinbase May Withdraw Support for CLARITY Act Amid Stablecoin Rewards Ban Debate
Key Takeaways Potential Withdrawal: Coinbase is considering withdrawing support for the CLARITY Act if it restricts stablecoin rewards.…
Crypto Crucial: Will Tax Threats Push California’s Wealthiest to Flee?
Crypto billionaires in California are contemplating relocation due to a proposed wealth tax targeting assets over $1 billion.…
Crypto Project Failures Hit Record in 2025 Amid Memecoin Turbulence
Key Takeaways Memecoin launchpads have saturated the crypto market in 2025, leading to an unprecedented number of token…
Telegram 2025 Financial Report Puzzle: Revenue Soars by 65%, Yet Plagued by $200 Million Loss Due to TON?
BSC’s USD1 Pool Meme Coin ‘An’ Sees Significant Surge
Key Takeaways The BSC chain’s USD1 pool meme coin ‘An’ experienced a notable market cap surge, exceeding $47.92…
Price Alert Feature Is Now Live
Stay Informed of Key Market Movements with our new Price Alert feature!
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
a16z Secures $15 Billion: Redefining Venture Capital Through Visionary Storytelling
Key Takeaways a16z Raises Capital: The firm has raised an astronomical $15 billion, marking a significant point in…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
App