The new bill in the U.S. House of Representatives protects decentralized developers, and the regulatory framework for digital assets is becoming clearer.

On June 10, it was reported that the latest version of the “Digital Asset Market Clarity Act” to be considered by the Financial Committee of the U.S. House of Representatives added protection clauses for software developers. The provision, which clarifies that non-custodial crypto platforms and their developers are not “unlicensed money service providers,” stems from the Blockchain Regulatory Certainty Act, reintroduced last month by Republican Congressman Tom Emmer and Democratic Rep. Ritchie Torres. The amendment will establish a regulatory framework for digital assets, clarify the regulatory division between the SEC and CFTC, and require crypto companies to make customer disclosures and segregate customer funds. The Coin Center, the DeFi Education Fund, and other organizations jointly issued a statement in support of the clause, arguing that it protects P2P technology developers while maintaining supervision of custodians.

The committee will hold a debate at 10 AM Eastern Time on June 10, but the advancement of the bill still faces resistance from the Democrats, with some lawmakers expressing concerns over former President Trump’s involvement in the encryption sector. Last month, Democratic staff’s technical discussions with the SEC also ended on a sour note due to the agency’s “failure to answer basic questions.”