New US Bill Shields Bitcoin Developer: The Code Liability Reset
Developer portraits reflect a shifting legal landscape for Bitcoin software creators under new federal legislation. The Illusion of a Legislative Shield: Why 'Fixing' Code Liability Misses the Point Section 1960 of US federal law, designed for brick-and-mortar money transfer, just got a legislative 'fix' aimed squarely at software developers. But when a new bill arrives explicitly to tell the government what code isn't, the market needs to ask why that was ever unclear. In my twenty years in global finance, clarity often signals concession, not just progress. Today, the focus is on a bipartisan push in the US House of Representatives. Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren introduced the "Promoting Innovation in Blockchain Development Act." It's designed to protect builders of blockchain and crypto to...