A coalition of 112 crypto companies, investors and advocacy groups is calling on the U.S. Senate to include protections for software developers and non-mandatory service providers in future market structure laws.
In a letter sent Wednesday to the Senate Banking and Agriculture Committee, the industry said “in one voice.”
“We provide robust and national protection for software developers and non-mandatory service providers in market structure law,” the letter states. “Without these protections, we cannot support the Market Structure Bill.”
Signatories include Coinbase, Kraken, Ripple, A16Z, Uniswap Labs, and almost every major US crypto lobbying group, from the Blockchain Association to the Digital Chamber.
sauce: Defi Education Fund
Related: Crypto bills advance after a 9 hour stalemate on the floor of the house
The US risks losing ground with code
Crypto Advocates argued that the US risks losing its position in open source development without strong protection. The letter pointed to power data showing that the US share of open source blockchain developers has dropped from 25% in 2021 to 18% in 2025. This is primarily due to regulatory uncertainty.
“To create an environment where innovators across the United States can confidently and safely build financial infrastructure, the final version of the Market Structure Act must include explicit federal protections for blockchain infrastructure developers and non-mandatory service providers,” the letter states.
They added that such safeguards are essential to prevent innovation from leaving the United States, avoid conflicting state laws, and build on the bipartisan support seen in clear laws passed with overwhelming support.
Related: The Clarity Act is not perfect, but this is a bill that the US Congress must pass this summer.
Crypto Market Legislation to reach Trump by the end of the year
Last week, Sen. Cynthia Ramis said the Digital Asset Market Structure Bill would reach President Donald Trump’s desk “by the end of the year,” with the aim of moving forward through the Senate Banking Committee by September and the Senate Agriculture Committee by October.
The legislation determines how the SEC and CFTC will oversee the crypto market, suggesting that the bill could arrive before Thanksgiving.
magazine: Bitcoin’s long-term security budget issues: an imminent crisis or FUD?
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