Senators Oppose Crypto Developer Protections in Key Market Structure Bill

U.S. Senators have voiced strong opposition to including protections for cryptocurrency developers in a pivotal market structure bill. The proposed legislation, aimed at establishing a regulatory framework for digital assets, is facing debate over its scope. Lawmakers argue that specific safeguards for software developers are misplaced within this broader financial market reform. This stance highlights the ongoing tension in Congress between fostering innovation and implementing clear regulatory oversight for the crypto industry. The decision could significantly impact how blockchain projects and developers are treated under future U.S. law, shaping the legal landscape for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).