<div id="readability-page-1"><div>Authored by Frank Corva via BitcoinMagazione.com,In the U.S. Senate Banking Committee’s most recent version of the CLARITY Act, Bitcoin and crypto developers would be protected from being charged with operating an unlicensed money transmitting business moving forward — and retroactively.<img height="261" width="500" src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/Senator-Cynthia-Lummis-Senate-Ba.jpg/query-aXRvaz1xQWgta3B4Yw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/Senator-Cynthia-Lummis-Senate-Ba.jpg/query-aXRvaz1xQWgta3B4Yw"/>Senator Cynthia Lummis and her colleagues in the Senate Banking Committee are heeding the call of the Bitcoin and crypto industry to protect developers.On Friday, the U.S. Senate Banking Committee released its latest draft of the CLARITY Act (CLARITY), in which it proposes an amendment to 18 U.S. Code § 1960(a) stipulates that only crypto developers or providers that “knowingly exercise control over currency, funds, or other value that substitutes for currency” be treated as money transmitting businesses.<img height="653" width="500" src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/US-Senate-Banking-Committee-CLAR.jpg/query-aXRvaz1XaWNvY1dBMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/US-Senate-Banking-Committee-CLAR.jpg/query-aXRvaz1XaWNvY1dBMQ"/>The first page of the Senate Banking Committee’s latest version of CLARITY.What is more, this amendment would not only protect Bitcoin and crypto developers in the wake of a bill with this language included in its passing, but it would also protect said developers retroactively.In Section 501 of section Title V of the draft, entitled “Protecting Software Developers and Software Innovation,” it states that “This section, and the amendments made by this section, shall apply to conduct occurring before, on, or after the date of enactment of this Act.”<h2>A Positive Development for Tornado Cash Developer Roman Storm</h2>If this language is included in a version of the bill that is enacted into law, Tornado Cash developer Roman Storm, who wasfound guilty of operating an unlicensed money transmitting business last month, stands to benefit.Storm has alluded to the notion that he plans to appeal the guilty verdict, as perreportingby Eleanor Terrett.If CLARITY becomes law and the language regarding retroactive developer protection is included in the draft of the bill that passes, Storm’s legal team should theoretically have no issue winning at the appellate level.Unfortunately, if CLARITY passes with the retroactive protections included, this will not help the Samourai Wallet Developers, whoaccepted a plea deal for operating an unlicensed money transmitting business in July.<h2>Further Protection for Developers of Noncustodial Crypto Tech</h2>This most recent draft of CLARITY also stipulates that developers or providers of “non-controlling” (noncustodial) crypto technology shall not be treated as money transmitting businesses under 31 U.S. Code § 5330. This would also be applied retroactively.Non-controlling developers are defined as those who create or work on “distributed ledger service(s), that in the regular course of operations, does not have the legal right of the unilateral and independent ability to control, initiate upon demand, or effectuate transactions involving digital assets to which users are entitled, without the approval, consent, or direction of any other third party.”The definition applies to developers of crypto services, software, or hardware that helps customers facilitate the self custody and safekeeping of digital assets.<h2>What Comes Next?</h2>Congress isback in session as of September 2, 2025, and the U.S. Senate Banking Committee plans to continue to prioritize CLARITY, after accepting input on the bill from many members of the crypto industry.“This legislative draft reflects feedback from hundreds of stakeholders on a wide range of questions as part of the Request for Information (RFI) on the July discussion draft,” a spokesperson from the Senate Banking Committee told Bitcoin Magazine. “Chairman Scott, Senator Lummis, and their colleagues will continue working in a bipartisan way to deliver a final product that will protect investors, foster innovation, and keep the future of digital finance anchored in America.”No hearings regarding the bill are currently on the Senate Banking Committee’s calendar.</div>Loading recommendations...</div>

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美國參議院銀行委員會最新草案的 CLARITY 法案旨在保護比特幣和加密貨幣開發者，免於被指控經營無牌照的貨幣傳輸業務，適用於未來和追溯性。修正案明確規定，只有那些明知控制貨幣的開發者才會被視為此類開發者。這可能對像 Tornado Cash 的 Roman Storm 這樣的開發者有利，他計劃對其有罪判決提出上訴。此外，非控制性加密技術開發者也將免於貨幣傳輸業務的監管。委員會繼續優先推進該法案，並尋求加密行業的意見

New CLARITY Act Draft Could Shield Crypto Developers From Past Liability