112 Crypto Firms Urge US Senate to Protect Developers

112 crypto firms urge US Senate to protect developers in new regulation.

A coalition of 112 cryptocurrency companies, investors, and advocacy groups has appealed to the US Senate. They have called for the inclusion of protections for software developers and non-custodial services in the new market regulation bill.

Today, a coalition of 100+ signatories join DEF in sending a letter to Congress.

Software developer protections are a non-negotiable in digital asset market structure legislation. This critical issue unites us — crypto and tech builders, investors, and advocates. pic.twitter.com/fi1zcErtWy

— DeFi Education Fund (@fund_defi) August 27, 2025

The initiative was led by the DeFi Education Fund. The letter was signed by Coinbase, Kraken, Ripple, a16z, Uniswap Labs, and nearly all major US lobbying groups, including the Blockchain Association and the Digital Chamber.

In the letter addressed to the Senate committees on banking and agriculture, the coalition stated it speaks with a “unified voice.” The participants will not support the bill without guarantees for developers. The main demand is not to classify them as financial intermediaries under outdated rules.

The authors of the letter argue that the US risks losing its position in open-source development. They cite data from Electric Capital, which shows that the share of American blockchain developers fell from 25% in 2021 to 18% in 2025. The primary reason cited is regulatory uncertainty.

“For innovators in America to confidently and safely create financial infrastructure, the law must include clear federal protections,” the letter states.

According to the coalition, such measures will help stop the outflow of innovation from the US and avoid contradictions in state legislation.

In August, it was reported that the US Department of Justice will cease prosecuting DeFi application developers under the statute for operating an unlicensed money transfer business.