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Ron Wyden: CLARITY Act Should Retain Legal Protections for Non-Custodial Blockchain Developers
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
美参议员 Ron Wyden 呼吁在《Clarity Act》最终版本中保留区块链监管明确性条款
According to Eleanor Terrett, U.S. Senator Ron Wyden wrote to Senate leadership requesting that any version of the Clarity Act submitted for full chamber consideration retain the provisions of the Blockchain Regulatory Certainty Act already passed by the Senate Banking Committee.
Warren and other U.S. senators question Tether and Commerce Secretary Howard Lutnick over related-party loans
this week, U.S. Democratic Senators Elizabeth Warren and Ron Wyden sent letters to Tether CEO Paolo Ardoino and U.S. Commerce Secretary Howard Lutnick, expressing concerns over a loan provided by Tether to a family trust fund benefiting Lutnick’s children.The letter notes that prior to becoming Commerce Secretary, Lutnick led Cantor Fitzgerald, which has served as the custodian for Tether’s reserves since 2021. The senators question whether the loan may have helped Lutnick’s children obtain funds to acquire their father’s stake in Cantor Fitzgerald, raising concerns about potential conflicts of interest or bribery. Additionally, the senators expressed concerns over Tether’s past compliance record and its lobbying activities during the legislative process of the GENIUS Act, emphasizing the need to ensure that politically connected crypto stakeholders do not receive special treatment. (The Block)
Ron Wyden: CLARITY Act Should Retain Legal Protections for Non-Custodial Blockchain Developers
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
美参议员 Ron Wyden 呼吁在《Clarity Act》最终版本中保留区块链监管明确性条款
According to Eleanor Terrett, U.S. Senator Ron Wyden wrote to Senate leadership requesting that any version of the Clarity Act submitted for full chamber consideration retain the provisions of the Blockchain Regulatory Certainty Act already passed by the Senate Banking Committee.
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Trump Media Group Launches Paid Data Service "Truth API", Selling Fastest Access to Trump Posts to Trading Firms
In response to this, Senator Ron Wyden, the senior Democratic member of the Senate Finance Committee, criticized the move, stating that it would benefit the Trump family and "make Wall Street traders rich." Legal experts, however, stated that tiered distribution of information by tech platforms does not violate federal securities laws.
Ron Wyden: CLARITY Act Should Retain Legal Protections for Non-Custodial Blockchain Developers
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
美参议员 Ron Wyden 呼吁在《Clarity Act》最终版本中保留区块链监管明确性条款
According to Eleanor Terrett, U.S. Senator Ron Wyden wrote to Senate leadership requesting that any version of the Clarity Act submitted for full chamber consideration retain the provisions of the Blockchain Regulatory Certainty Act already passed by the Senate Banking Committee.
Warren and other U.S. senators question Tether and Commerce Secretary Howard Lutnick over related-party loans
this week, U.S. Democratic Senators Elizabeth Warren and Ron Wyden sent letters to Tether CEO Paolo Ardoino and U.S. Commerce Secretary Howard Lutnick, expressing concerns over a loan provided by Tether to a family trust fund benefiting Lutnick’s children.The letter notes that prior to becoming Commerce Secretary, Lutnick led Cantor Fitzgerald, which has served as the custodian for Tether’s reserves since 2021. The senators question whether the loan may have helped Lutnick’s children obtain funds to acquire their father’s stake in Cantor Fitzgerald, raising concerns about potential conflicts of interest or bribery. Additionally, the senators expressed concerns over Tether’s past compliance record and its lobbying activities during the legislative process of the GENIUS Act, emphasizing the need to ensure that politically connected crypto stakeholders do not receive special treatment. (The Block)