The U.S. Congress has introduced the "Promoting Innovation in Blockchain Development Act" to protect blockchain software developers from legal prosecution. Introduced by Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren on February 26, the bill aims to prevent developers who do not handle custody of funds from being classified as money transmitting businesses under Section 1960, Title 8. This bipartisan effort seeks to maintain U.S. leadership in blockchain innovation by ensuring developers are not wrongfully targeted for merely writing software. The proposed amendments clarify that only entities exercising control over currency or funds can be classified as money transmitting businesses. This move is seen as crucial by cryptocurrency organizations to secure American software innovation and prevent developers from moving overseas. The bill also ensures that the Department of Justice retains the ability to pursue illicit activities and money laundering, while clearly distinguishing between software developers and those managing funds.