U.S. Senator Introduces Bill to Protect Crypto Developers, Major Crypto Regulatory Framework Coming Soon

DeepFlowTech · 2026-01-13T00:16:11+00:00

Senators Lummis and Wyden introduced the "Blockchain Regulatory Certainty Act," which clarifies that developers who do not control user funds are not considered fund transmitters. The bill aligns with the House's work and will be incorporated into legislation on the structure of the crypto market. The hearing will discuss comprehensive regulatory legislation, focusing on stablecoins, conflicts of interest, and the role of DeFi.

DeepFlowTech

2026-01-13 00:16:11

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Deep Tide TechFlow News, January 13th, reports that on January 12th, U.S. Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden jointly introduced the “Blockchain Regulatory Certainty Act,” which clarifies that software developers who do not control user funds should not be considered money transmitters. The bill aligns with previous work by the House of Representatives and is expected to be incorporated into broader cryptocurrency market structure legislation in the Senate Banking Committee.

The Senate Banking Committee plans to hold a hearing this Thursday to revise and vote on comprehensive regulatory legislation for the crypto industry, with the bill text expected to be released earlier this week. The Senate Agriculture Committee was originally scheduled to review its crypto market structure bill on the same day but has now postponed it to later this month.

Legislative negotiations focus on stablecoin yield treatment, conflicts of interest related to the Trump family’s crypto business, and the role of decentralized finance (DeFi). The DeFi Education Foundation emphasizes that this bill is crucial for protecting software developers and self-custody rights.

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