A coalition of 114 crypto companies and tech lobbying groups has warned the Senate Banking Committee that they will oppose a forthcoming crypto market structure bill unless it includes strong legal protections for software developers. The letter, coordinated by the DeFi Education Fund, argues that developers of decentralized software should not face criminal liability for how users engage with their programs. Companies such as Coinbase, Grayscale, and Solana Labs, among others, signed the letter, stressing the importance of ensuring that legislation does not criminalize developers similarly to how engineers of physical infrastructure such as roads and bridges are not held liable for misuse. The letter highlights the need for protections against potential laws that could implicate developers in money laundering or sanctions violations. Such legal shields, the coalition argues, are essential for fostering innovation and safeguarding the future of blockchain technology in the U.S.

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