A major coalition of 112 crypto companies, investors, and advocacy groups is calling on the U.S. Senate to protect developers and non-custodial service providers in upcoming digital asset legislation.
Industry Unites for Developer Protections
Leading crypto firms including Coinbase, Kraken, Ripple, a16z, and Uniswap Labs joined forces in a letter sent to the Senate Banking and Agriculture Committees, urging lawmakers to avoid misclassifying developers as intermediaries under outdated financial rules.
The letter stated:
“Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill.”
This united stance marks one of the strongest industry-wide lobbying efforts to date.
Without clear federal safeguards, crypto advocates warn that the U.S. risks losing its edge in blockchain innovation. According to Electric Capital data, the U.S. share of open-source blockchain developers dropped from 25% in 2021 to 18% in 2025, largely due to regulatory uncertainty.
The industry fears that lack of clarity could push innovation overseas, create conflicting state laws, and hurt bipartisan progress achieved through initiatives like the CLARITY Act.
Legislation Timeline: Bill to Trump by Year-End
Senator Cynthia Lummis recently confirmed that the digital asset market structure bill aims to reach President Donald Trump’s desk before the end of 2025. The goal:
- Senate Banking Committee: By September
- Senate Agriculture Committee: By October
The bill will define SEC and CFTC roles in crypto oversight, shaping the future of U.S. crypto regulation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.