Crypto Leaders Urge Congress: Protect Developers or Risk Falling Behind

A big group of crypto supporters, including investors and developers, just sent a strong message to the U. S. Senate. They want clear rules to protect people who create open-source software. Without these protections, they say, the U. S. might lose its edge in the crypto world. The letter, signed by over 110 groups, points out that the U. S. is already losing developers. In just a few years, the number of open-source developers in the country dropped from 25% to 18%. Why? Because there's no clear guidance on how to follow the rules. The letter also highlights a key difference between traditional finance and crypto. Traditional finance has clear rules, but crypto is different. It needs protections that make sense for open-source development. If the U. S. wants to stay ahead, it needs to keep welcoming innovation in this space. The letter praises some recent steps taken by both the House and the Senate. They've included protections for developers in their drafts of the CLARITY Act. But the letter stresses that these protections must stay in the final bill. They must make it clear that developers won't be regulated just for creating and maintaining blockchain networks. In short, the message is clear: protect developers, or risk losing the crypto industry to other countries. It's a bold statement, but one that could shape the future of crypto in the U. S.