CLARITY Act narrows developer protections, disappointing U.S. crypto industry

  • CLARITY Act narrows developer protections included in the Blockchain Regulatory Certainty Act.
  • The measure omits criminal-liability protections shielding blockchain developers.
  • Industry participants consider the omission regrettable but insufficient to derail the legislation.

The new CLARITY Act has narrowed developer-protection provisions included in the Blockchain Regulatory Certainty Act, prompting disappointment across the U.S. crypto industry. Eleanor Terrett, host of Crypto in America, said on Sept. 14 that protections shielding blockchain developers from criminal liability were omitted. Most industry participants consider the change regrettable but not serious enough to derail the broader legislation.

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CLARITY Act narrows developer protections, disappointing U.S. crypto industry - CoinPost Terminal