TechFlow news — On January 13, according to Decrypt, U.S. Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) reintroduced the "Blockchain Regulatory Certainty Act," aimed at clarifying when cryptocurrency developers are considered "money transmitters" under federal law. The bill ties liability to control over assets, rather than holding individuals accountable solely for writing or maintaining software. Lummis stated, "It makes no sense to threaten blockchain developers with money transmitter classification simply for writing code and maintaining open-source infrastructure—especially when they never possess, control, or have access to user funds." The proposal takes on added significance amid the Department of Justice's lawsuits against privacy tools such as Tornado Cash and Samourai Wallet.
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