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[U.S. Senate CLARITY Act Draft Proposes Protecting Crypto Developers from Retroactive Liability] The latest CLARITY Act draft released by the U.S. Senate Banking Committee proposes amending relevant laws, stipulating that only crypto developers who 'knowingly and actually control currency or funds' are considered money transmission business operators. The draft aims to protect Bitcoin and crypto developers, covering actions both before and after the enactment of the act, to prevent them from facing retroactive liability due to unlicensed operations.

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