US Senator Lummis co-introduces bill stating that certain software developers should not be considered money transmitters
MetaEraJan 13, 2026
On January 13 (UTC+8), 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 the Senate Banking Committee's crypto market structure legislation.Legislative negotiation focuses include stablecoin yield processing, conflicts of interest in the Trump family's crypto business, and the role of DeFi. [Source: Foresight News][ME News]
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US Senator Lummis co-introduces bill stating that certain software developers should not be considered money transmitters
MetaEraJan 13, 2026
On January 13 (UTC+8), 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 the Senate Banking Committee's crypto market structure legislation.Legislative negotiation focuses include stablecoin yield processing, conflicts of interest in the Trump family's crypto business, and the role of DeFi. [Source: Foresight News][ME News]
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