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The Senate Banking Committee is scheduled to hold a markup session later this week to amend and vote on a sweeping crypto market structure bill — the first attempt at comprehensive federal regulation of the digital asset industry. The legislation addresses stablecoin rewards and DeFi, though it notably sidesteps questions around President Trump's personal crypto conflicts of interest.
A key provision embedded in the bill is the Blockchain Regulatory Certainty Act, which would formally clarify that non-custodial developers are not money transmitters — a long-sought protection for open-source builders and DeFi protocol developers who have operated in a legal grey zone for years.
If the committee advances the bill, it would mark the most significant step toward a unified federal crypto framework the US has seen, setting the stage for a full Senate floor debate on rules that could reshape…
Frequently asked questions
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What are the main provisions of the crypto market structure bill?
The bill addresses stablecoin rewards, DeFi, and includes the Blockchain Regulatory Certainty Act, which clarifies that non-custodial developers are not considered money transmitters.
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How could this bill impact open-source developers in the crypto space?
The bill provides legal protection for open-source builders and DeFi protocol developers, allowing them to operate without the risk of being classified as money transmitters.
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