Over a hundred crypto companies jointly urge US regulators to protect software developers

Hash World Chain has reported that over 100 cryptocurrency companies have jointly called on lawmakers to protect software developers while reviewing regulations for the digital asset industry. Participants in this call include the DeFi Education Fund, Blockchain Association, Digital Chamber of Commerce, Stand with Crypto, and companies like Coinbase, Paxos, and Uniswap Labs, urging the Senate committee to include relevant requirements in market structure legislation. The joint letter has been delivered to the leaders of the Senate Banking Committee and the Agriculture Committee, highlighting the crucial role these committees play in the formulation of cryptocurrency legislation. Relevant cryptocurrency stakeholders have stated that the existing version of market structure legislation needs to include provisions to ensure the protection of self-custody rights and the ability to participate in peer-to-peer transactions, and they are advocating for these changes to be incorporated. The statement emphasizes that no individual or entity should be regulated for engaging in core activities of creating, developing, publishing, and maintaining blockchain networks, nor should they be regulated for allowing users to access such networks and manage their funds through software interfaces.