Senator Lummis: Latest proposal fails to adequately protect developers, will remove Lummis-Grassley amendment

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 prosecutor group is not the result of any agreement with them, and it fails to adequately protect developers, nor does it provide law enforcement with the common-sense tools needed. However, the current situation is not feasible, so work must continue moving forward. The latest proposal will remove the Lummis-Grassley amendment, which clearly stipulates that software developers can only face criminal liability if they have a specific intent to assist in money laundering.