A new bipartisan bill wants to ensure the next century of tech is written in America
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On Thursday, Congress took a small but significant step toward ensuring America remains the best place in the world to build. Bipartisan legislation – the Promoting Innovation in Blockchain Development Act of 2026 – would protect software developers from being swept up under criminal code Section 1960, a statute designed for money laundering, not innovation. For builders working in good faith on open-source software, that legal gray zone has cast a chill on American competitiveness. It is one bill. But the principle it embodies reaches further than any single piece of legislation – and it arrives at a pivotal moment. As the United States approaches its 250th anniversary this July, it is tempting to look backward to commemorate milestones and celebrate triumphs. But America’s most consequential moments have rarely come from preservation alone. They have come from renewal: building new systems that allowed the country to adapt to a changing world. Every American century has been defined not just by ideals, but by infrastructure. Canals and railroads powered industrial expansion. Telecommunications connected a continental economy. The internet reshaped commerce, culture and capital markets. Each era rewarded those willing to build. Today, the next layer of infrastructure is taking shape in code. Software developers are the architects of modern economic systems. They shape how money moves, how markets function and how people coordinate on a global scale. Unlike the builders of past eras, many are globally distributed and highly mobile – choosing where to work and innovate based on clarity, opportunity and regulatory environment. Open-source development allows anyone, anywhere, to contribute foundational code. That work has produced billions of lines of software that are collectively maintained and power modern commerce and coordination. At the same time, the nature of financial infrastructure itself is evolving. Where previous generations built physical rails, today’s…
Filed under: News - @ February 27, 2026 5:30 am