Senators Cynthia Lummis and Ron Wyden introduce a bill to exempt non-custodial blockchain developers
On Monday, U.S. Senators Cynthia Lummis and Ron Wyden introduced the Blockchain Regulatory Certainty Act. This bipartisan effort aims to exempt non-custodial blockchain developers and infrastructure providers from federal money transmitter regulations. This law aims to encourage innovation in blockchain and follow federal guidelines. In addition, it seeks to make sure that non-custodial developers are not treated like banks or financial institutions under regulations. Furthermore, the proposed bill states that