Overview

• The DeFi Education Fund coordinated a unified letter from roughly 112–115 firms and advocacy groups, including Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and leading trade associations.
• Signers state they will withhold support unless market-structure legislation protects open-source developers and non-custodial providers from being treated as financial intermediaries.
• Requests include an explicit carve-out from 18 U.S.C. §1960 for software creators, federal preemption to avoid conflicting state rules, and safeguards for self-custody and peer-to-peer access.
• Urgency follows the federal conviction of Tornado Cash developer Roman Storm, with industry leaders saying recent DOJ assurances do not replace permanent statutory clarity.
• The push arrives after the House passed the CLARITY Act, as the Senate Banking and Agriculture committees prepare to hammer out final language in September under late‑year timelines.