Regulation· ★★★★· bearish·

Digital Chamber: Industry Lost Criminal Shield for Developers in Final CLARITY Act Text

  • —All references to 18 U.S.C. 1960 were removed from the 635-page CLARITY Act text
  • —Developers retained civil protection but lost the criminal shield
  • —Sponsors added 126 amendments at Democrats' request, but all Democrats voted against
  • —Carbone: the next congressional session is unlikely to pass a crypto law
Why it matters: Without criminal protection for developers, uncertainty over liability for code persists, slowing DeFi and on-chain infrastructure development in the U.S.
Source: Unchained
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