U.S. lawmakers have added a provision to the digital asset market structure bill to protect developers of non-custodial crypto platforms from being classified as unlicensed money services businesses. This measure is part of the Blockchain Regulatory Certainty Act. The broader bill clarifies the roles of the SEC and CFTC, and requires crypto firms to disclose information and segregate customer funds. The hearing is scheduled for 10:00 a.m. ET on Tuesday.
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409743