Crypto lobby wants software dev protections added to crypto bill

The largest US crypto lobbying groups have asked lawmakers to include protections for software developers and infrastructure providers in a bill aiming to regulate the crypto space.

A joint statement on June 5 by the DeFi Education Fund, Coin Center, the Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovatio, and the Bitcoin Policy Institute requested an additional bill be tacked on to a crypto market structure bill.

The group urged lawmakers to add the Blockchain Regulatory Certainty Act (BRCA), exempting software developers of non-custodial crypto platforms from being classified as money transmitters, to the Digital Asset Market Clarity (CLARITY) Act of 2025.

The CLARITY Act, introduced in late May, would redefine the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission toward digital assets, while Representatives Tom Emmer and Ritchie Torres reintroduced the BRCA last month.

“It is critically important to remember that developers creating peer-to-peer, non-custodial software and the infrastructure providers who enable decentralized networks have little in common with traditional financial institutions and should not be treated as such,” the lobby group said.

Coin Center communications director Neeraj Agrawal added that the group’s priority was also watching “for the ever-present risk of unconstitutional surveillance requirements being added” to crypto.

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Earlier this week, the US crypto lobby urged US lawmakers to pass a stablecoin-regulating bill as quickly as possible, asking for lawmakers not to add clauses to the bill and stop debate around the measure.

Government entities regulating crypto in the US have changed their stance on the industry under the Trump administration.

On June 3, SEC chair Paul Atkins told the Senate that the days of regulating crypto via enforcement are over and that the regulatory watchdog will instead engage with industry participants before passing legislation.

Next week, the Senate will decide if Brian Quintenz, President Donald Trump’s pick to lead the CFTC, will be appointed to the role. Quintenz has disclosed assets worth $3.4 million, including crypto.

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