Headline: 112 Crypto Firms Urge U.S. Senate to Safeguard Developers in Upcoming Legislation Translation: 112 Crypto Firms Urge U.S. Senate to Safeguard Developers in Upcoming Legislation

A coalition consisting of 112 cryptocurrency companies, investors, and human rights organizations has reached out to the U.S. Senate. They called for the inclusion of protections for software developers and non-custodial services in the upcoming market regulation bill.

The initiative was spearheaded by the DeFi Education Fund. The letter was endorsed by prominent entities such as Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and nearly all major lobbying groups in the U.S., including the Blockchain Association and the Digital Chamber.

In their correspondence directed to the Senate committees on banking and agriculture, the coalition expressed that they are united in their stance. They will not endorse the bill without assurances for developers. Their primary demand is to avoid classifying them as financial intermediaries based on outdated regulations.

The authors of the letter contend that the U.S. risks losing its foothold in open-source development. They reference data from Electric Capital, which shows that the share of American blockchain developers has declined from 25% in 2021 to 18% in 2025, with regulatory uncertainty cited as the main reason.

“To enable innovators in America to confidently and safely build financial infrastructure, the law must provide clear federal protections,” the letter states.

The coalition believes that such measures could halt the brain drain of innovation from the United States and prevent inconsistencies in state legislation.

It is worth noting that in August, it was revealed that the U.S. Department of Justice would cease prosecuting developers of DeFi applications under the statute concerning the operation of unlicensed money transfer businesses.