112 Digital currency Companies Urge US Senate to Safeguard Developers: Ripple, Coinbase, Kraken Featured on the List

In an unprecedented display of solidarity, 112 major players in the cryptocurrency sector have released a clear and firm warning to the US Senate: safeguard the individuals shaping the future of digital finance, or we will withdraw our base level for your pivotal legislation.

This coalition of 112 organizations – which includes prominent names like Ripple, Coinbase, Kraken, among others – is insisting on clear protections for software developers and non-custodial service providers in the upcoming crypto market structure legislation.

Significantly, the coalition expresses concern over the potential inappropriate application of outdated financial regulations to the modern dynamics of distributed database technology.

In a letter submitted on 27 August 2025, it was stated, “As essential digital asset legislation evolves in the United States, it is vital that the laws recognize and maintain the historical safeguards that price floor open-source software development, ensuring that software developers and non-custodial service providers who innovate, assist, and facilitate access to decentralized networks are not relegated to impractical regulatory classifications intended for the conventional, intermediary financial frameworks.”

When it comes to developers’ rights, there’s a broad consensus. Protecting software developers and non-custodial service providers is fundamental.

Over 100 different state organizations, blockchains, advocacy groups, and others all endorsed this letter to Senators for deliberation in the… https://t.co/8sbA9a06Dy

— CULLAH (@CullahMusic) August 27, 2025

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What exactly is the “Market Structure Bill”?

For years, the US digital currency sector has faced significant challenges in achieving regulatory transparency, often caught in a conflict between the Securities and Trading platform Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The Market Structure Bill seeks to provide a thorough framework for regulating digital assets.

The letter points out a troubling trend as the United States’ leadership in the cryptocurrency arena declines. The coalition supported its caution with concerning statistics. It noted, “The overall percentage of open-source software developers in the US decreased from 25% in 2021 to 18% in 2025” – a decline largely attributed to regulatory uncertainty surrounding software development.”

Read the entire letter here: https://t.co/fId4oR2hqp

— Decentralized finance Education Fund (@fund_defi) August 27, 2025

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“Without legislation, the US will continue to lose ground in software development because of regulatory uncertainty”

The coalition argues that without the proposed safeguards, the United States risks not just stifling innovation but also driving its most talented professionals and promising ventures to more hospitable environments.

“To foster an atmosphere where visionaries throughout America can securely and confidently build financial systems, the final draft of the market structure legislation must encompass explicit federal protections for blockchain infrastructure developers and non-custodial service providers,” the coalition emphasized.

Aligning with US President Donald Trump’s commitments to the crypto asset sector, the letter referenced that the President’s Working Group Report on Digital Assets recently expressed, “reversing the downturn of blockchain development in the United States is key to establishing America as the crypto capital of the world.”

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The article 112 Crypto Firms Call on US Senate to Protect Developers: Ripple, Coinbase, Kraken Make the List was originally published on 99Bitcoins.