Senators Wyden and Lummis unveil bipartisan Blockchain Regulatory Certainty Act

Senators Ron Wyden and Cynthia Lummis introduced a bipartisan, standalone version of the Blockchain Regulatory Certainty Act on Monday evening. The bill seeks to clarify that developers and infrastructure providers who do not control user funds should not be treated as money transmitters, aiming to provide federal clarity for blockchain software and network operations.