February 27th, per Cointelegraph, a bipartisan group of U.S. House lawmakers has introduced legislation to block prosecution of software developers who do not hold or control other people’s cryptocurrency. In a Thursday announcement, Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren said they are backing the *Promoting Innovation in Blockchain Development Act* — a measure aiming to clarify how federal criminal cases involving blockchain developers are handled. The bill will clarify that the 1960 Travel Rule (part of U.S. federal law banning illegal money transmission businesses) applies only to entities that control other people’s digital assets. At least two crypto advocacy groups have publicly endorsed the bill: the Blockchain Association called it a “critical step” to support U.S.-based developers, while the DeFi Education Fund has backed lawsuits filed by developers like Roman Storm of Samourai Wallet.
