US Crypto Industry Disappointed by Scaled-Back Developer Protections in CLARITY Act
JH Kim
Summary
- The US digital-asset industry is voicing disappointment over scaled-back protections for blockchain developers included in the CLARITY Act.
- Eleanor Terrett said the new CLARITY Act excludes protections against criminal liability for developers that were part of the Blockchain Regulatory Certainty Act.
- Most industry participants do not see the provision's removal as enough to derail the CLARITY Act as a whole.
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The US digital-asset industry is voicing disappointment after protections for blockchain developers in the CLARITY Act were scaled back.
Eleanor Terrett, host of Crypto in America, wrote on X on Sept. 14 that the new CLARITY Act pared back developer protections included in the Blockchain Regulatory Certainty Act.
She added that industry participants were particularly disappointed that protections shielding developers from criminal liability were omitted.
Still, Terrett said most industry participants do not view the provision's removal as enough to derail the broader CLARITY Act.
JH Kim
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