According to Eleanor Terrett, several prominent blockchain and cryptocurrency organizations have issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certification Act (BRCA) in the new CLARITY Act. The bill is designed to protect developers of non-custodial, peer-to-peer technologies while maintaining strict regulation of custodial Financial Institution Groups. The joint statement noted that the updated bill is based on FinCEN's 2019 guidelines, which make it clear that when developers and infrastructure providers do not control customer funds, they should not be regulated like money transmitters.
Signatories, including Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, Uniswap Labs, and other industry leaders, expressed their gratitude to lawmakers including Chairperson Hill, Chairperson Steil, Majority Whip Emmer, and Representative Torres.
Several crypto institutions have jointly announced their support for the inclusion of the Blockchain Regulatory Certification Act in the CLARITY Act
2025-06-09 13:49:35
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