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US Senator: CLARITY Act Offers Stronger Protections for DeFi Developers
US Senator Cynthia Lummis stated that the CLARITY Act, following its latest revisions, will provide “the strongest protections” for DeFi and its developers. She was responding to concerns raised by crypto lawyer Jake Chervinsky regarding developer liability clauses in the draft, indicating that both parties have adjusted the relevant content to strengthen legal safeguards for non-custodial software developers. However, Chervinsky pointed out that the current draft’s definition of money transmission could still expose some DeFi developers to liability risks, and the relevant clauses are not yet fully clarified. Reports indicate that the latest revised version of the bill has not yet been made public and is expected to be considered by the Senate Banking Committee in April.