US Senate leaders say crypto developer protection clause is inappropriate for market structure bill

Leaders of the U.S. Senate Judiciary Committee have argued that a provision to protect cryptocurrency software developers should not be included in a market structure bill, CoinDesk reported. Senators Chuck Grassley and Dick Durbin stated that while the clause aims to exempt developers from criminal liability if their software is misused, its inclusion could weaken federal laws against unlicensed money transmitters like Tornado Cash. The provision has been a point of contention during discussions in the Senate Banking Committee and is cited as one of the reasons for the recent delay in the bill's deliberation.