Over a hundred crypto companies have signed a joint letter requesting the inclusion of DeFi protection provisions in the cryptocurrency market structure bill.

On August 27th, as per cryptocurrency journalist Eleanor Terrett, more than 110 cryptocurrency companies, investors, and advocacy groups have signed a joint letter to caution the leaders of the U.S. Senate Banking and Agriculture Committee. They stated that they will be unable to support the market structure legislation unless it explicitly safeguards open-source software developers and non-custodial service providers. With the backing of heavyweight firms such as Coinbase, a16z crypto, Ripple, top projects, investment firms, and state blockchain committees, the DeFi Education Fund warned that labeling developers who release code or enable non-custodial blockchain access as financial intermediaries could impede U.S. blockchain innovation. The alliance pointed out that according to a recent White House report on digital assets, the proportion of U.S. open-source software developers has witnessed a significant decline, dropping from 25% in 2021 to 18% in 2025. While the alliance commended the House and Senate for including certain developer protection measures and the right to self-custody of digital assets in the current market structure draft, they considered it insufficient and are now calling for clear federal regulations to protect DeFi developers, ensure national regulatory consistency, and uphold U.S. open-source innovation.