Senator Cynthia Lummis said the revised CLARITY Act includes protections for DeFi developers and was updated through bipartisan changes to address concerns that non-custodial developers could be treated as money transmitters and subjected to know-your-customer obligations. She said the revisions are intended to shield non-custodial actors from being regulated like financial institutions. The bill is expected to enter the Senate Banking Committee in April, marking the next stage in debate over how the legislation would apply to decentralized software developers.