Lummis-Grassley Amendment Removed as Latest Crypto Bill Fails to Protect Developers

Senator Lummis rejects new proposal for lacking developer protections and law enforcement tools, leading to the removal of the Lummis-Grassley amendment from the bill.

Woofun AI reports that Senator Lummis criticized the latest legislative proposal by Senator Cortez Masto and the prosecution group, stating it fails to adequately protect developers or provide law enforcement with necessary tools. Lummis clarified that the proposal did not result from any agreement with her office and noted that while the status quo is unworkable, continued efforts are required. Consequently, the Lummis-Grassley amendment, which limits criminal liability for software developers to cases involving specific intent to assist money laundering, will be removed from the latest proposal.