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Over 100 crypto firms demand nationwide developer protections from Congress
Cryptocurrency industry leaders, including Ripple, Coinbase, and Kraken, are calling on the U.S. Congress to include clear protections for software developers in the upcoming market structure bill.
More than 100 crypto companies and tech advocacy groups have formed a coalition to urge the Senate Banking Committee to ensure these protections in the forthcoming market structure legislation or risk losing America’s competitive edge.
On August 27, the coalition sent a letter signed by over 114 organizations—including Andreessen Horowitz, Coinbase, DCG, Grayscale, Kraken, Paradigm, Solana Labs, and Uniswap Labs—urging lawmakers to establish nationwide legal safeguards for developers and providers of non-custodial services.
“Today, a coalition of over 100 signatories joined DEF in sending a letter to Congress. Protecting software developers is a core principle of digital asset market structure legislation,” the DeFi Education Fund wrote on X.
Key points raised by the coalition include:
- The U.S. risks losing its lead in blockchain innovation.
- The share of open-source software developers in the U.S. fell from 25% in 2021 to 18% in 2025.
- This decline is largely attributed to persistent regulatory uncertainty.
A unifying issue for the crypto industry
The initiative is spearheaded by the DeFi Education Fund and the Chamber of Progress, a major tech lobbying group partly backed by Amazon, Apple, Google, and Uber.
“We approach Congress with a unified message: provide strong nationwide protection for software developers and non-custodial service providers in market structure legislation,” the letter states.
Industry concerns are tied to reports that some Senate Democrats may attempt to introduce provisions imposing criminal liability on developers if their code is used for money laundering or sanction evasion.
Blocking such provisions “is a matter that fully unites the industry,” the letter concludes.
As we wrote, U.S. Senate unveils CLARITY bill to regulate digital assets
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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