Search results for Ron Wyden
Crypto
U.S. senator urges keeping developer protections in CLARITY Act, key dispute emerges
U.S. Democratic Senator Ron Wyden (론 와이든) urged Senate leaders to retain a provision protecting blockchain developers in the CLARITY Act, a crypto market structure bill. The dispute has widened between calls to provide legal clarity for developers and concerns it could weaken oversight of illicit finance. Wyden wants Section 604, known as the Blockchain Regulatory Certainty Act, included in the final text. Law enforcement groups and civic organisations warn the exemption could be too broad.
Crypto
Developer protection becomes flashpoint in U.S. CLARITY Act debate as Solana Policy Institute steps in
Christine Smith (크리스틴 스미스), CEO of the Solana Policy Institute, urged the U.S. Senate to keep developer protection provisions in the CLARITY crypto market structure bill. She argued open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. Smith also cited the BRCA bill, which aims to provide legal clarity for developers and infrastructure providers that do not custody customer assets or control transactions.
Crypto
U.S. Senate releases crypto market structure bill amendment limiting stablecoin rewards
The U.S. Senate has amended a market structure bill to limit stablecoin rewards, The Block reported on Jan. 13. The proposal would ban rewards for merely holding stablecoins but allow rewards tied to activities such as trading or liquidity provision. The amendment also includes provisions to protect crypto developers by ensuring software developers and infrastructure providers are not treated as financial intermediaries. The bill is expected to move through Senate committees before reaching a full Senate vote and later coordination with the House.