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Clarifying Rules for Blockchain Developers: Exemption from Money Transmitter Laws.

This Act provides legal clarity for companies and individuals who develop blockchain software and infrastructure but do not control users' digital assets. These 'non-controlling developers' will not be classified as money transmitting businesses, reducing regulatory burdens like mandatory registration. This aims to encourage innovation in digital asset technology while ensuring that anti-money laundering rules still apply to entities that handle user funds.
Key points
Developers of blockchain software and infrastructure who do not control users' digital assets are exempt from being classified as money transmitters.
This exemption removes strict registration requirements, supporting the growth of digital asset technology and infrastructure in the US.
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Status: Introduced
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Additional Information
Print number: 119_S_3611
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2026-01-12
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Blockchain Regulatory Certainty Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3611.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-01-12.

What are the main provisions?

Key points include:

  • Developers of blockchain software and infrastructure who do not control users' digital assets are exempt from being classified as money transmitters.
  • This exemption removes strict registration requirements, supporting the growth of digital asset technology and infrastructure in the US.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Lummis, Cynthia M. [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-03.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law