Exactly right, @AmandaTums. And as Treasury made clear, this latest proposal "does not reflect negotiations" and "guts protections for software developers" while creating new liability where none exists today.
We should build on the bipartisan compromise, not undermine it at the eleventh hour.
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This is not a constructive or serious proposal from these groups, and it actually shows their hand: they want every software developer to be treated like a financial intermediary even when that isn’t what they are/ the technology is doing. Countless hours have been spent working with law enforcement groups to address their concerns and make it clear what Clarity Act does and does not do, and the response to that hard work appears to be an 11th hour DOA “offer” via press release. This is not what good faith looks like.
We remain available to work productively with lawmakers and stakeholders who actually want to do so.
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