$TRUMP The Crypto Industry Issues an Ultimatum to the U.S. Senate

The cryptocurrency industry, led by giants like Coinbase, Kraken, and Ripple, has sent a strong letter to the U.S. Senate. They warned that they will not support a key bill on market regulation if it does not protect software developers from being held legally responsible for the misuse of their technology.

Key points:

- Protection for developers: The main message is that creators of open-source software should not be regulated as traditional financial intermediaries.

- Political context: The crypto industry has become a significant political force in Washington, investing millions in campaigns. Despite its recent bipartisan achievements, the passage of this bill is their biggest challenge.

- Main concern: There is worry that the Senate's version will remove protections for developers that had been included in the version passed by the House of Representatives, especially following recent convictions by prosecutors in high-profile cases.