US Lawmakers Propose Key Amendment to Blockchain Developer Regulations

- U.S. lawmakers propose an amendment to the Digital Asset Market Clarity Act. - The amendment aims to reclassify certain non-controlling blockchain developers. On June 9, 2025, Cointelegraph reported that U.S. lawmakers introduced a significant amendment to the Digital Asset Market Clarity Act of 2025. This amendment, introduced by House Financial Services Committee chair French Hill, focuses on reclassifying non-controlling blockchain developers and seeks to exclude them from classification as money transmitters, which would exempt them from registration requirements. The current proposal draws from the Blockchain Regulatory Certainty Act, which Representative Tom Emmer and a bipartisan group of lawmakers led in May. Meanwhile, various crypto advocacy groups, including the Blockchain Association, have encouraged lawmakers to combine these two bills. The House Financial Services Committee is scheduled to meet for a markup hearing on Tuesday, where it will discuss and vote on these amendments before potentially moving the revised Act to the full chamber. This legislative activity is part of a broader effort to redefine the cryptocurrency market's structure and regulation. In addition, lawmakers have scheduled other significant hearings for this week, while in parallel, the Senate is expected to soon vote on the GENIUS Act, which aims to regulate payment stablecoins. According to CoinMarketCap on June 9, at 12:00 UTC, Bitcoin (BTC) was trading at $26,300, and its 24-hour trading volume had increased by 1.5%.