U.S. Senator Lummis supports CLARITY bill: it will provide "the strongest" DeFi developer protection in history

U.S. Senator Lummis said the newly revised CLARITY bill will provide "the strongest protection ever" to DeFi and developers and called for the bill to be passed as soon as possible. Lummis's statement responded to the doubts of encryption lawyer Jake Chervinsky. The latter believes that the definition of "money transmitter" in Chapter 3 of the current draft may still include unmanaged software developers within the scope of supervision, thereby weakening the legal protection originally provided by the BlockchainRegulatoryCertain Act. Lummis emphasized that the two parties have recently adjusted relevant provisions to ensure that unmanaged developers are not mistakenly classified as financial institutions, thereby avoiding being forced to apply compliance obligations such as KYC. Despite this, divisions in the industry still exist. Chervinsky pointed out that disputes over the stablecoin income terms have concealed developer protection issues, and that "avoiding misjudging developers as money transmitters" remains a core challenge for DeFi regulation. Currently, the bill is expected to enter the Senate Banking Committee's review stage in April, and whether it will be finally implemented still depends on the outcome of the game between all parties on key terms.