U.S. Senate Intensifies Bipartisan Talks on CLARITY Act: Proposes to Clarify That Non-Custodial Software Developers Should Not Be Liable for Third-Party Use of Their Code

Odaily Planet Daily News With just over two weeks remaining before the U.S. Congress recesses on July 4, senators are intensifying behind-the-scenes negotiations to push the CLARITY Act onto the full Senate floor for a vote as soon as possible after the break. Sources indicate that bipartisan senators will meet this week to discuss disputed provisions and related contentious content. A key point is to clarify that non-custodial software developers "should not be held legally responsible for the use of their code by third parties if they did not knowingly participate in illegal activities." Previously, law enforcement agencies had expressed concerns that this provision could weaken accountability for on-chain illegal activities.

Industry insiders point out that as the legislative window narrows, the CLARITY Act is entering a critical juncture. If it cannot be advanced before August, the process could be further delayed under the influence of the election cycle. (Cryptoinamerica)