Senator Lummis: Latest Proposal Fails to Adequately Protect Developers, Will Remove Lummis-Grassley Amendment

Odaily Odaily Planet Daily News Fox Business crypto reporter posted on X platform, stating that Senator Lummis said the latest proposal by Senator Cortez Masto and the prosecution group is not the product of any agreement reached with them, fails to adequately protect developers, and also fails to provide law enforcement with the common-sense tools needed. However, the status quo is not feasible, so work must continue to move forward. The latest proposal will delete the Lummis-Grassley amendment, which clearly stipulates that software developers can only be held criminally liable if they have the specific intent to assist money laundering.