A coalition of 112 crypto companies, investors and advocacy groups called the US Senate to include protections for software developers and non -custodial service providers in the upcoming market structural law.
In a letter sent Wednesday on Senate banking and agricultural committees, the industry spoke “with a voice,” urging lawmakers to ensure that developers and non -custodial actors do not go wrong as mediators under outdated financial policies.
“Provide stable, whole country protection for software developers and non-customial service providers in market structure law,” the letter said. “Without the protections, we would not have supported a market structure bill.”
Signatories include Coinbase, Kraken, Ripple, A16Z, Uniswap Labs and almost every major US lobbying group, from the Blockchain Association to the digital chamber.
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The risks in the US have lost land in crypto
Crypto advocates argue that US risks have lost its ground to open-source development without strong protection. The letter was directed at electric capital data showing the US part of the open-source blockchain developer fell from 25% from 2021 to 18% in 2025, mainly linked to regulation uncertainty.
“To create an environment where innovators across America may have confidence and safely develop financial infrastructure, the final version of market structural law should include explicit federal protection for developers of blockchain infrastructure and non -custodial service providers,” said the letter.
They added that such care is important to prevent change in the US, avoid conflicting state laws and build on the support of the bipartisan seen in The law of cleanlinessWhich one passed with excessive backing.
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Crypto market bill to reach Trump by the end of the year
Last week, Senator Cynthia Lummis said a digital asset market structure bill Reach the desk of President Donald Trump “Before the end of the year,” with the aim of promoting it through the Senate Banking Committee in September and the Senate Agriculture Committee in October.
The law will determine how the SEC and the CFTC manage crypto markets, with Lummis suggesting the bill may come early in Thanksgiving.
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