Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act. She argued that open-source builders should not be treated as financial intermediaries.
Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act. She argued that open-source builders should not be treated as financial intermediaries.
The issue matters for the crypto ecosystem because developer protections could shape how open-source blockchain work is treated under future US market structure rules. If those protections remain in the bill, they may help clarify the difference between writing code and operating a financial business.
Kristin Smith, CEO of the Solana Institute, urged the Senate to preserve developer protections in the CLARITY Act, according to Cointelegraph. Smith argued that open-source developers should not be regulated as financial intermediaries simply for building software.
The issue matters for the crypto ecosystem because developer protections could shape how open-source blockchain work is treated under future US market structure rules. If those protections remain in the bill, they may help clarify the difference between writing code and operating a financial business.
Smith’s position centers on the role of open-source builders in crypto networks. Her argument is that developers who publish or contribute to software should not automatically fall under the same regulatory expectations as intermediaries that handle customer assets or provide financial services.
The CLARITY Act is part of the broader US debate over how digital asset markets should be regulated. For crypto companies, developers and policy watchers, the Senate’s handling of developer protections is one of the provisions likely to draw close attention as the legislation moves forward.
Smith’s remarks add to ongoing industry pressure for rules that distinguish decentralized software development from regulated financial activity. The final treatment of open-source developers in the bill could become an important signal for how lawmakers approach crypto infrastructure.
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