Solana Institute urges CLARITY Act developer protections

Solana Institute CEO Kristin Smith has urged the US Senate to pass the CLARITY crypto market structure bill with developer protections intact, saying open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries.

In a thread on X, Smith wrote the legislation “has a real shot at passing the Senate,” making it critical for lawmakers to preserve those safeguards. More than 60 crypto CEOs and founders, including Solana co‑founder Anatoly Yakovenko, signed an open letter calling on the Senate to maintain robust protections.

Smith argued that open‑source developers, validators and non‑custodial wallet providers do not control user funds or execute transactions and therefore should not be treated as brokers or custodians. She pointed to the Blockchain Regulatory Certainty Act (BRCA) as a path to legal clarity.

United States

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