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 from Senator Cortez Masto and the prosecutors' group was not the product of any agreement with them, and it fails to adequately protect developers while also failing to provide law enforcement with the common-sense tools needed. However, the current situation is untenable, so work must continue moving forward. The latest proposal will remove the Lummis-Grassley amendment, which clearly stipulated that software developers could only face criminal liability if they had a specific intent to assist money laundering.