Senate Crypto Bill Advances: New Developer Protections Proposed Ahead of Market Structure Legislation

US Senators are proposing a new standalone bill to provide legal safeguards for blockchain developers. This move comes as the Senate prepares to unveil broader cryptocurrency market-structure legislation. The proposed "developer shield" aims to protect software creators from liability for third-party use of their code, addressing a key concern in the crypto industry. This legislative push signals progress in establishing clearer regulatory frameworks for digital assets like Bitcoin (BTC) and Ethereum (ETH), potentially reducing legal uncertainty for innovators. The approach of introducing targeted protections separately could streamline the passage of complex market-structure rules, viewed as a positive step by many in the crypto sector.