U.S. Senate Intensifies Negotiations on CLARITY Act: Seeks to Clarify That Non-Custodial Software Developers Will Not Bear Legal Liability for Third-Party Use of Their Code

Odaily Planet Daily News With only a little over two weeks left before the U.S. Congress recesses on July 4, senators are stepping up behind-the-scenes negotiations to push the CLARITY Act onto the Senate floor for a full vote as soon as possible after the recess. Sources say bipartisan senators will meet this week to discuss disputed provisions and related controversies. A key point includes clarifying that non-custodial software developers "should not bear legal liability for third-party use of their code if they are not knowingly involved in illegal activities." Previously, law enforcement agencies expressed concern that this provision could weaken the ability to hold on-chain illegal activities accountable.

Industry insiders point out that as the legislative window narrows, the CLARITY Act is entering a critical timeline. If progress cannot be completed before August, the relevant process may be further delayed under the influence of the election cycle. (Cryptoinamerica)