🚨JUST IN: @RepFitzgerald (R-WI), @RepBenCline (R-VA) and @RepZoeLofgren (D-CA) have just introduced the bipartisan Promoting Innovation in Blockchain Development Act of 2026, aimed at protecting software developers from being misclassified under criminal code Section 1960. The bill clarifies that Section 1960 applies only to actors who control customer funds, not developers who just write code, a distinction the crypto industry, particularly DeFi, has been pushing to lock into the Clarity Act. Section 1960 was designed for custodial money transmitters, but recent cases (like @TornadoCash and @SamouraiWallet) applied it to noncustodial software developers who weren’t controlling user funds, creating a major flashpoint between crypto builders and regulators.(Eleanor Terrett)