A new bill, the Blockchain Regulatory Certainty Act of 2026, has been introduced by two senators to prevent U.S. law from classifying blockchain software developers as money transmitters. The proposal seeks to clarify that developers and infrastructure providers without control over user funds should not be subject to money transmitter regulations. This action follows concerns that current regulations, designed for traditional payment systems, are being aggressively applied to non-custodial crypto tools. Senators Cynthia Lummis and Ron Wyden previously warned that broad interpretations of money-transmission law could criminalize developers of non-custodial crypto asset software. The bill aims to address the challenges faced by developers navigating a complex landscape of federal and state licensing requirements.

A new bill, the Blockchain Regulatory Certainty Act of 2026, has been introduced by two senators to prevent U.S. law from classifying blockchain software developers as money transmitters. The proposal seeks to clarify that developers and infrastructure providers without control over user funds should not be subject to money transmitter regulations. This action follows concerns that current regulations, designed for traditional payment systems, are being aggressively applied to non-custodial crypto tools. Senators Cynthia Lummis and Ron Wyden previously warned that broad interpretations of money-transmission law could criminalize developers of non-custodial crypto asset software. The bill aims to address the challenges faced by developers navigating a complex landscape of federal and state licensing requirements.