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Anas Hassan

US Senators Clash Over Crypto Developer Exemptions in Tim Scott Market Structure Bill

Senate Judiciary leaders Chuck Grassley and Dick Durbin have warned that a developer exemption in Senate Banking Chair Tim Scott's crypto market structure bill could limit prosecutions for money laundering and other illicit finance tied to decentralized platforms. They argue the provision, modeled on the Blockchain Regulatory Certainty Act, might have blocked charges in cases like Tornado Cash, while Republican backers and industry groups say protections are vital for thousands of open-source blockchain developers. The markup has been postponed after Coinbase withdrew support, as lawmakers and crypto firms continue to debate how to balance innovation with law enforcement authority.
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