U.S. Senator Cynthia Lummis has introduced a new bill aimed at protecting Bitcoin developers from being classified as money transmitters. The proposed legislation seeks to provide legal clarity, ensuring that developers can innovate in the digital finance space without the risk of prosecution. This move is part of broader efforts to foster a supportive regulatory environment for cryptocurrency development in the United States.
Senator Lummis Proposes Bill to Shield Bitcoin Developers from Money Transmitter Classification
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
