TechFlow News: On February 26, according to Eleanor Terrett, U.S. Republican Representatives Fitzgerald (Wisconsin) and Cline (Virginia), along with Democratic Representative Lofgren (California), jointly introduced the “Blockchain Innovation and Development Act of 2026,” aiming to clarify the scope of application of Section 1960 of the U.S. criminal code. The bill explicitly stipulates that Section 1960 applies only to entities that control customer funds—not to developers who merely write code. Previously, regulators applied this provision to non-custodial software developers in cases such as Tornado Cash and Samourai Wallet, triggering strong backlash from the crypto industry. This bill will provide legal safeguards for blockchain developers, resolving a longstanding point of tension between crypto innovation and regulatory oversight.
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