US must protect crypto builders for leadership

The United States risks losing its leadership in cryptocurrency innovation if it fails to protect the software developers who build the technology. The Clarity Act, currently advancing through Congress, includes a crucial provision to shield open-source developers from being classified as money transmitters, provided they do not hold customer funds. Weakening this provision could drive talent offshore, mirroring a decline in US-based developers. Protecting these builders is essential for maintaining a competitive edge in the evolving financial landscape and ensuring predictable regulation.