“We are pleased to see the Blockchain Regulatory Certainty Act (BRCA) included in the newly introduced version of the CLARITY Act. This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.
The updated bill reflects a careful balance—building on FinCEN’s 2019 guidance to clarify that when developers and infrastructure providers don’t control customer funds, they shouldn’t be regulated like money transmitters.
We thank Chairman Hill, Chair Steil, Majority Whip Emmer, Rep. Torres, and the staff and stakeholders who made this thoughtful inclusion possible.”
– Bitcoin Policy Institute, Blockchain Association, Coin Center, Crypto Council for Innovation, DeFi Education Fund, Jump Crypto, Paradigm, Solana Policy Institute, The Digital Chamber, Uniswap Labs
