Joint statement from eight major encryption associations: Support including BRCA in the CLARITY Act to protect Decentralized Finance developers.

On June 9, it was reported that a joint statement from eight major crypto industry associations will be released soon, and a DEX and Jump Crypto will also participate in the statement, expressing support for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act. Eight crypto policy organizations in Washington, D.C., issued a joint statement calling on Congress to incorporate the Blockchain Regulatory Certainty Act (BRCA) into market structure legislation. These organizations include: DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm. They said the amendment is essential to protect software developers and infrastructure providers who don’t hold client funds in escrow. The amendment was originally proposed by Tom Emmer and has now been approved by Rep. Bipartisan support from Ritchie Torres and others. Many in the industry see it as a foundational policy guarantee for DeFi developers. The joint statement called on lawmakers to include BRCA in the CLARITY Act, a House bill on the structure of the digital asset market.