U.S. lawmakers propose amendments to the cryptocurrency market structure bill
ChainCatcher news, according to Cointelegraph, members of the U.S. House Financial Services Committee are expected to hold a hearing on Tuesday to discuss a cryptocurrency market structure bill that may be amended to include protections for blockchain developers.
According to a notice released prior to the hearing, Committee Chairman French Hill proposed amendments to the 2025 Digital Asset Market Transparency Act (the CLARITY Act). The amendment suggests that under this potential market structure, certain blockchain developers or service providers would not be considered money transmitters and would not be subject to its registration requirements. This provision regarding blockchain developers appears to stem from the Blockchain Regulatory Certainty Act, which was pushed by Congressman Tom Emmer and a group of bipartisan lawmakers in May. Many crypto industry advocacy groups, including the Blockchain Association, have called on lawmakers to merge these two bills.