Did you know that developers building the crypto apps and wallets we use often operate under the fear of legal trouble? In the US, some laws try to classify developers as 'banks'—even when they don't actually touch or control your funds.
Recently, the renowned crypto think tank Coin Center sent a letter to the US Senate, urging them to pass the 'Blockchain Regulatory Certainty Act (BRCA)'.
To put it simply: if someone creates software or an app but doesn't hold the users' money, why should they be tied down by the same strict rules as a bank? If this act passes, developers can focus on building new technology without fear, which ultimately benefits everyday users like us. Protecting innovation is essential for the future of crypto.
