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CRYPTO CRISIS! Senators Under Fire as Developers Demand URGENT Protections!
In an explosive move, the DeFi Education Fund has unleashed a SCATHING letter targeting the U.S. Senate Banking Committee, rallying a jaw-dropping coalition of over 110 crypto warriors! These builders, investors, and advocates are sending a LOUD and CLEAR message: Congress MUST deliver rock-solid protections for software developers and noncustodial service providers, NOW!
🚨 Cry for Support! 🚨
Backed by heavyweights like the Bitcoin Policy Institute and the Blockchain Association, this letter lays bare a dire warning: without these critical protections, there’s NO WAY they can support the proposed market structure bill.
Ditch the Old Ways!
The letter starkly contrasts the suffocating regulations of the “traditional financial system” with the freedom of open-source development. Crypto developers MUST be shielded from being shoved into ill-fitting regulatory boxes that threaten innovation!
If the U.S. truly desires to be crowned the “crypto capital of the world,” as President Trump envisioned, it MUST continue to embrace bold software innovations—a tradition that dates back to the internet’s early days!
🔥 Alarming Statistics! 🔥
A shocking revelation: the share of open-source developers in the U.S. plummeted from 25% in 2021 to a staggering 18% in 2025! The culprit? A CRIPPLING lack of regulatory clarity!
In a glimmer of hope, the letter thanks both the House and Senate for incorporating crucial protections from the Blockchain Regulatory Certainty Act (BRCA) and the Keep Your Coins Act into drafts of the CLARITY Act. But hold on — it’s CRITICAL to keep these protections intact! Developers must roam free without the threat of regulation solely for creating and maintaining blockchain networks or enabling users to access their funds through software!
✨ A BIPARTISAN CALL TO ACTION! ✨
The fight for developer protections transcends party lines! A staggering 294 members of the House voted FOR the CLARITY Act, showcasing an undeniable bipartisan supermajority that MUST push the Senate to bolster protections in its bill!
The stakes have never been higher! Will Congress heed the call of the crypto revolutionaries? The clock is ticking! ⏰
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