The blockchain regulatory certainty bill has been included in the CLARITY Act, and several encryption organizations have jointly expressed their welcome.
According to related sources, a number of well-known blockchain and cryptocurrency organizations issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the new version of the CLARITY Act. The bill aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict regulation of custodial financial institutions. The updated bill is based on FinCEN’s 2019 guidelines, which make it clear that developers and infrastructure providers should not be regulated like money transmitters when they do not control customer funds. The signatories, including industry leaders such as Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and a DEX Labs, expressed their gratitude to legislators such as Chairman Hill, Chairman Steil, Emmer Majority Whip, and Representative Torres.
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The blockchain regulatory certainty bill has been included in the CLARITY Act, and several encryption organizations have jointly expressed their welcome.
According to related sources, a number of well-known blockchain and cryptocurrency organizations issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the new version of the CLARITY Act. The bill aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict regulation of custodial financial institutions. The updated bill is based on FinCEN’s 2019 guidelines, which make it clear that developers and infrastructure providers should not be regulated like money transmitters when they do not control customer funds. The signatories, including industry leaders such as Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and a DEX Labs, expressed their gratitude to legislators such as Chairman Hill, Chairman Steil, Emmer Majority Whip, and Representative Torres.