Sen. Cynthia Lummis said the latest proposal put forward by Sen. Cortez Masto and prosecutor groups was not the product of any agreement with her and does not do enough to protect software developers. In remarks relayed by a Fox Business crypto reporter on X, Lummis also said the proposal fails to give law enforcement the common-sense tools it needs, while adding that the current situation is not workable and that efforts must continue.
Under the latest proposal, the Lummis-Grassley amendment would be removed. That amendment had stated that software developers could face criminal liability only if they acted with specific intent to assist money laundering. The update points to an ongoing disagreement over how legislation should draw the line between developer activity and criminal exposure, while also addressing enforcement needs.
Sen. Cynthia Lummis said the latest proposal from Sen. Cortez Masto and prosecutor groups was not the result of any agreement with her, according to a post on X from a Fox Business crypto reporter.
Lummis said the proposal does not adequately protect developers and also does not provide law enforcement with the common-sense tools it needs. She added that the current situation is not workable and that work on the issue must continue.
Under the latest proposal, the Lummis-Grassley amendment would be removed. That amendment had explicitly stated that software developers could face criminal liability only when they had specific intent to assist money laundering.
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