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Senate Clash Over Crypto Developer Exemptions Stalls Market Structure Bill

Senate Clash Over Crypto Developer Exemptions Stalls Market Structure Bill

Author:

Global Cryptocurrency

Published:

2026-01-23 17:11:01

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BTCCSquare news:

Washington's crypto regulation debate reached new tensions this week as Senate Judiciary leaders Chuck Grassley and Dick Durbin challenged provisions in Banking Chair Tim Scott's market structure bill. The disputed language mirrors the Lummis-Wyden Blockchain Regulatory Certainty Act, proposing exemptions for blockchain developers from financial licensing requirements.

In a private letter obtained by Politico, the Judiciary leaders warned these exemptions could create enforcement gaps for money laundering and illicit finance cases. The jurisdictional dispute highlights Congress' ongoing struggle to balance innovation with financial oversight as crypto rulemaking increasingly shifts to regulators.

By:

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