The CLARITY Act's developer protection carveout — stripping BRCA language for anyone acting "with specific intent" — is doing exactly what prosecutors wanted without them having to win in court. The Samourai Wallet case didn't need to set precedent if Congress writes the precedent directly into statute. The DOJ loses the battle, the chilling effect survives.
What's being traded away to get Democratic votes isn't some technical edge case. It's the only provision that would have made open-source Bitcoin tooling legally defensible. A bill that protects custodians while leaving non-custodial developers exposed isn't a crypto clarity act — it's a consolidation act. The regulated entities win, the protocol layer loses.
Watch which companies are lobbying hardest for the current language. That tells you more about the bill's actual function than any floor speech will.
What's being traded away to get Democratic votes isn't some technical edge case. It's the only provision that would have made open-source Bitcoin tooling legally defensible. A bill that protects custodians while leaving non-custodial developers exposed isn't a crypto clarity act — it's a consolidation act. The regulated entities win, the protocol layer loses.
Watch which companies are lobbying hardest for the current language. That tells you more about the bill's actual function than any floor speech will.