US Senators Introduce New Bill: Crypto Developers Exempt from Money Transmitter Regulation if They Don't Control User Funds

WuBlockJan 13, 2026
#Macro
Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden introduced a bill that clearly states software developers who do not control users' funds are not money transmitters. The bill, named the "Blockchain Regulatory Certainty Act," was introduced on Monday and aims to establish clear regulatory guardrails for developers and service providers, exempting them from relevant money transmission laws.

Senator Wyden said that forcing developers who write code to comply with the same rules as exchanges or brokers reflects a misunderstanding of technology and infringes on privacy and free speech.

According to sources familiar with the matter, the bill may be incorporated into the current version of the Senate Banking Committee's crypto market structure legislation.

[TheBlock]

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US Senators Introduce New Bill: Crypto Developers Exempt from Money Transmitter Regulation if They Don't Control User Funds

WuBlockJan 13, 2026
#Macro
Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden introduced a bill that clearly states software developers who do not control users' funds are not money transmitters. The bill, named the "Blockchain Regulatory Certainty Act," was introduced on Monday and aims to establish clear regulatory guardrails for developers and service providers, exempting them from relevant money transmission laws.

Senator Wyden said that forcing developers who write code to comply with the same rules as exchanges or brokers reflects a misunderstanding of technology and infringes on privacy and free speech.

According to sources familiar with the matter, the bill may be incorporated into the current version of the Senate Banking Committee's crypto market structure legislation.

[TheBlock]

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