Indeed! Especially when it works for them. Incentives over intentions, every time.

> I’m not sure why we would ever force coders or node operators to follow the same rules as banks

Governments do not ask *why?*, they ask *why not?*.

k00b

I’m not sure why we would ever force coders or node operators to follow the same rules as banks, but codifying this adds some protections to the network ahead of the larger bill expected later this week.

Senator Cynthia Lummis (R‑WY) and Senator Ron Wyden (D‑OR) introduced the Blockchain Regulatory Certainty Act on January 12, aiming to protect open‑source developers from being treated as money transmitters under federal law. The bill clarifies that coders, node operators, and infrastructure providers who don’t custody user funds aren’t financial intermediaries.

bitcoin

I’m not sure why we would ever force coders or node operators to follow the same rules as banks, but codifying this adds some protections to the network ahead of the larger bill expected later this week. 

>Senator Cynthia Lummis (R‑WY) and Senator Ron Wyden (D‑OR) introduced the Blockchain Regulatory Certainty Act on January 12, aiming to protect open‑source developers from being treated as money transmitters under federal law. The bill clarifies that coders, node operators, and infrastructure providers who don’t custody user funds aren’t financial intermediaries.