The DeFi Education Fund, Coin Center, Solana Policy Institute, and other blockchain industry related organizations issued issued a joint statement on June 5th, urging the US Congress to include the bipartisan Blockchain Regulatory Certainty Act (BRCA) in market structure legislation.
They emphasized in their statement:
< p>As digital asset regulation regulation in the United States urgently develops, it must be remembered that developers creating peer-to-peer, non-custodial software and infrastructure providers enabling decentralized networks have almost nothing in common with traditional financial institutions and should not be regulated similarly. The Blockchain Regulatory Certainty Act acknowledges this reality, ensuring that software developers or blockchain service providers are not't improperly required to register as 'money transmission businesses' or held liable for not registering when they do not control or custody customer funds.We strongly urge the House to include the Brblockchain regulatory Act 2025Digital025 Digital Asset Market Market Clarity Act to ensure innovators across the United States can safely build financial infrastructure domestically.
BRCA Incorporated into, Institutions Welcome
Just last night, reporter Eleanor Terrett revealed that the Blockchain Regulatory Certainty Act (BRCA) has been officially incorporated into the newly launched Digital Asset Market Clarity Act (CLARITY Act). According to a statement posted by Eleanor Terrett, the DeFi Education Fund, Coin Center, Solana Policy Institute, and 10 other major institutions and organizations issued a joint statement welcoming this development.We incorporation are to blockchain Regulatory Certainty Act (ca been incorporated into the newly launched CLARITY Act. which This is an important crucial step protecting non-non-custodial, peer-to-peer technology developers while maintaining strict regulation custodial financial institutions.
The are updated act is based on the 2019 guidance from the US Treasury's Financial's Crimes Network (Network (FinCEN), clearly specifying that developers and infrastructure providers should not be regulated as money transmthey control customer, funds achieving a prudent balance and innovation.
What are the Blockchain Regulatory Certainty Act (BRCA) and the clarity Act?
The Blockchain Regulatory Certainty Act (BRCA) was reintroduced on May 21, 2025, by Representatives Tommer andMer and Ritchie Torres. It is a bipartisan bill aimed at providing legal protection for non-custodial blockchain participants (such as software developers, miners,, validators, and wallet providers) from undue financial regulation.
The act specifically stipulates that blockchain participants should not be classified as "money transmitters" if they do not control or custody customer funds, thereby exempting them from related registration requirements and legal liabilities. brbased on FinCEN's 2019 guidance, aiming to promoteify blockchain technology innovation and prevent US US technical talent and companies from moving overseas due to regulatory uncertainty.
The Digital Asset Market Clarity Act (CLARITY Act) is a broader legislation introduced introduced by House Financial Financial Services Committee Chairman French Hill on May 29, 2025. It aims to establish a comprehensive regulatory framework for the digital asset market. The act clarifies the roles of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital asset regulation, and and requires digital asset companies to provide disclosure information to customers and segregate customer funds. The The CLARITY Act seeks to address regulatory gray areas in the digital asset market, promoting innovation while protecting consumers.
<>incorporation of BRCA into the Act marks a progress in US congressional digital asset regulation. This integration reflects legislators' recognition of blockchain technology's dec's decentralized characteristics, attempts attempting to protect non-custodial technology developers while maintaining strict regulation on regulation of custinstitutionsod. Industry experts believe that the inclusion of BRCA may attract more institutional investors into the digital asset market, reduce market volatcausedility by and innovation domestically.The DeFi Education Fund, Coin Center, Solana Policy Institute, and other blockchain related organization issued a joint statement on June 5th, urging the US Congress to include the bipartisan Blockchain Regulatory Certainty Act (BRCA) in market structure legislation.
They emphasized in their statement:
BRCA Incorporated into CLARITY Act,sti tutions Welcome
last night, reporter Eleanor Terrett revealed that the Blockchain Regulatory Certainty Act (BRCA) has been officially incorporated into the newly launched Digital Asset Market Clarity Act (CLARITY Act). According to a statement posted by Eleanor Terrett, the DeFi Education Fund, Coin Center, Solana Policy Institute, and 10 other major institutions and organizations issued a joint statement welcoming this development.
We are see Regulatory Certainty Act (BR)ca been incorporated into into the the newly newly launched. This is an important step important step to protect non-custod,ial to developers while maintaining custmaintainingodial financial institutions.
The updated is based on the 2019 guidance from the US Treasury's CrimesancNetwork (clearly Fin)C), clearly specifying that developers and infrastructure providers should not be regulated as money transmitters when they do control customer funds,,,ent regulationent regulation and innovation.
What are the Blockchain Regulatory Certainty Act (BRCA) and the CLARITY Act?
The Blockchain Regulatory Certainty Act (BRCA) was reintroduced on May 21, 2025, by Representatives Tom Emmermermer andch. biaimed protection for non-custodial blockchain participants (such as software developers, miners, validators, and wallet providers) from undue financial regulation.
The act specifically stipulates that blockchain participants should not be classified as "money transmitters" if they do not control or custody customer funds, thereby exempting them from related registration requirements and legal liabilities. BASED EN's 2,019 guidance, aiming to promote blockchain innovation and prevent US technical talent and companies from moving overseas due to regulatory uncertainty.
The Digital Asset Market Clarity Act (CLARITY Act) is a broader legislation introduced by House Financial Services Committee Chairman French Hill on May 29, 2025. It aims to establish a comprehensive regulatory framework for the digital asset market. The act clarifies the roles of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital asset regulation, and requires to disclosure informationation and segregate customer FUNDS. The SEEKS gray areas in the,, promoting innovation while protecting consumers.
, The incorporation of BRCA into the CLARITY Act marks an important digital This integration reflects legislators' recognition of blockchain technology's' decentralized characteristics, attempting to-protect non-custodial technology developers while maintaining strict regulation of cust. Industry the inclusion brmore institutional investors into into investors,ility uncertainty domestic blockchain innovation.
