<ul><li>Amendment to HR 3633 introduces exemption for non-controlling blockchain developers from registering as money transmitters.</li><li>It expands the list of activities not subject to regulations related to fund transfers or asset custody.</li><li>Specific activities covered under the exemption include creation of blockchain software, software interfaces provision, and software for self-custody of assets.</li><li>The amendment allows blockchain developers to operate without being classified as money transmitters if they meet certain criteria, potentially fostering innovation in the industry.</li></ul>

Amendment to HR 3633 – Exemption for Non-Controlling Blockchain Developers

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