Scott Melker: Bipartisan bill targets Section 1960 prosecutions to shield blockchain software developers

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Jose Antonio Gastelum

27.02.2026

Scott Melker: Bipartisan bill targets Section 1960 prosecutions to shield blockchain software developers — Section 1960 bill shields developers

U.S. lawmakers have introduced a bipartisan bill clarifying that Section 1960 prosecutions should apply only to entities controlling customer funds.

Scott Melker reports this measure aims to protect blockchain software developers from potential legal risk, ensuring that developers who do not manage customer assets are not subject to federal money transmitter laws. This legislative effort is intended to bring legal clarity to the blockchain development community.

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The push for clearer regulatory boundaries in the blockchain sector comes as U.S. lawmakers seek to address legal uncertainties reminiscent of heightened market speculation. Similar concerns have been raised in previous analyses, including a discussion of volatility in commodity markets such as the recent 22% trading range in silver. Additionally, efforts to clarify the treatment of digital assets align with prior projections highlighting strong momentum in the cryptocurrency space, notably the outlook that Bitcoin may reach $82,000 amid evolving regulatory and market dynamics.

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