Overview

• On Aug. 27, the DeFi Education Fund coordinated a letter to the Senate Banking and Agriculture committees signed by more than 110 firms and advocacy groups, including Coinbase, Kraken, Ripple, a16z, Solana affiliates, and Uniswap Labs.
• The signatories said they cannot support a market‑structure bill unless it includes nationwide safeguards for software developers and non‑custodial service providers.
• The coalition asks Congress to clarify that publishing or maintaining decentralized software does not make developers money transmitters under 18 U.S.C. § 1960 and to preempt conflicting state rules.
• The push follows the federal conviction of Tornado Cash developer Roman Storm and comes despite a DOJ assurance that prosecutors will not target creators of truly decentralized, non‑custodial software.
• Senate negotiations are slated to resume in September after the House passed the CLARITY Act, and the coalition is pressing to secure the protections in the final Senate text.