US Senators Introduce Bill to Protect Crypto Developers, Major Framework for Crypto Regulation Coming Soon

ChainCatcherJan 13, 2026
#DeFi DEFI0.00%
U.S. Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden jointly introduced the "Blockchain Regulatory Certainty Act" on January 12, clarifying that software developers who do not control user funds should not be considered money transmitters. The bill echoes previous work in the House of Representatives and is expected to be incorporated into broader crypto market structure legislation in the Senate Banking Committee.

The Senate Banking Committee plans to hold a hearing this Thursday to revise and vote on a comprehensive regulatory bill targeting the crypto industry, with the bill text expected to be released earlier this week. The Senate Agriculture Committee, which was originally scheduled to consider its crypto market structure bill on the same day, has now postponed it to later this month.

Legislative negotiation focuses include stablecoin yield handling, conflicts of interest in the Trump family's crypto business, and the role of Decentralized Finance ($DeFi). The $DeFi Education Foundation emphasizes that the bill is critical to protecting software developers and self-custody rights.

[ChainCatcher]

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US Senators Introduce Bill to Protect Crypto Developers, Major Framework for Crypto Regulation Coming Soon

ChainCatcherJan 13, 2026
#DeFi DEFI0.00%
U.S. Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden jointly introduced the "Blockchain Regulatory Certainty Act" on January 12, clarifying that software developers who do not control user funds should not be considered money transmitters. The bill echoes previous work in the House of Representatives and is expected to be incorporated into broader crypto market structure legislation in the Senate Banking Committee.

The Senate Banking Committee plans to hold a hearing this Thursday to revise and vote on a comprehensive regulatory bill targeting the crypto industry, with the bill text expected to be released earlier this week. The Senate Agriculture Committee, which was originally scheduled to consider its crypto market structure bill on the same day, has now postponed it to later this month.

Legislative negotiation focuses include stablecoin yield handling, conflicts of interest in the Trump family's crypto business, and the role of Decentralized Finance (DeFi). The DeFi Education Foundation emphasizes that the bill is critical to protecting software developers and self-custody rights.

[ChainCatcher]

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