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🔹 Senator Cynthia Lummis and Ron Wyden introduce the Blockchain Regulatory Certainty Act to protect crypto developers from having their users' funds classified as "money transmitters"
🔹 The bill clarifies that software developers and infrastructure providers are not subject to regulations like exchanges or brokers because they do not directly control users' funds
🔹 It is highly likely that the bill will be incorporated into the Senate Banking Committee's crypto market regulation framework law and will soon be brought up for discussion and voting