{"id":9750,"date":"2026-06-10T10:08:54","date_gmt":"2026-06-10T10:08:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9750"},"modified":"2026-06-10T10:08:54","modified_gmt":"2026-06-10T10:08:54","slug":"solana-institute-pushes-senate-to-preserve-developer-protections-in-clarity-crypto-bill","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9750","title":{"rendered":"Solana Institute Pushes Senate to Preserve Developer Protections in CLARITY Crypto Bill"},"content":{"rendered":"

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  • Solana Institute\u2019s Kristin Smith is urging US lawmakers to avoid extending financial intermediary rules to blockchain developers who do not handle user funds.<\/span><\/li>\n
  • She says the CLARITY Act must preserve protections for open-source builders, validators and non-custodial wallet providers as it advances through the Senate.<\/span><\/li>\n
  • The push is supported by a coalition of more than 60 crypto leaders and reinforced by reference to the bipartisan Blockchain Regulatory Certainty Act.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Kristin Smith, chief executive of the Solana Institute, is pressing US senators to preserve protections for blockchain developers as debate over the CLARITY Act moves forward in Washington. She argues that developers and infrastructure providers who do not control customer assets should not be regulated as financial intermediaries.<\/p>\n

    In a series of posts on X published on 9 June, Smith said the legislation has a realistic chance of advancing through the Senate and stressed the importance of maintaining safeguards for those building public blockchain networks. She warned that lawmakers should ensure protections remain in place for developers and infrastructure providers as the bill progresses.<\/p>\n

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    1\/ The Clarity Act has a real shot at passing the Senate. <\/p>\n

    Getting it right means protecting the developers who build public blockchains. Getting it wrong risks pushing them \u2013 and the future of this technology \u2013 offshore.<\/p>\n

    \ud83e\uddf5<\/p>\n

    \u2014 Kristin Smith (@KristinSmith) June 9, 2026<\/p><\/blockquote>\n<\/div>\n<\/figure>\n

    Related: OpenAI\u2019s Next Big Bet: Turning ChatGPT Into an AI Super App<\/strong><\/p>\n

    Leaders Rally Behind Developer Protections\u00a0<\/h2>\n

    Smith pointed to an industry letter signed by more than 160 crypto executives and security personnel, including Solana co-founder Anatoly Yakovenko, urging senators to retain strong protections for software developers within the legislation.<\/p>\n

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    1\/ Today, we\u2019re sending a letter to Senate Majority Leader Thune and Senate Democratic Leader Schumer signed by 160 former national security, intelligence, and law enforcement professionals in support of the Clarity Act. pic.twitter.com\/JYP8DYIccl<\/a><\/p>\n

    \u2014 Blockchain Association (@BlockchainAssn) June 2, 2026<\/p><\/blockquote>\n<\/div>\n<\/figure>\n

    According to Smith, open-source developers, validators and providers of non-custodial wallets neither hold customer assets nor carry out transactions on behalf of users. As a result, she argued they should not be classified as brokers, custodians or other financial intermediaries.<\/p>\n

    She also highlighted the Blockchain Regulatory Certainty Act (BRCA), a bipartisan proposal introduced in January by Senators Cynthia Lummis and Ron Wyden. Smith said the measure would provide legal certainty for software developers and blockchain infrastructure providers that do not control customer funds or transactions.<\/p>\n

    Related: Dormant 2011 Bitcoin Wallet Awakens, Undercutting $285 Billion \u2018Abandoned BTC\u2019 Lawsuit<\/strong><\/p>\n<\/p><\/div>\n