On June 9, the DeFi Education Fund disclosed that the Blockchain Regulatory Certainty Act (BRCA) was incorporated into the latest version of the CLARITY Act. This is an important step forward in protecting non-custodial, peer-to-peer technology developers, while also maintaining strong oversight of custodial financial institutions. The revised law represents a prudent balance – based on guidance issued by FinCEN in 2019, which makes it clear that developers and infrastructure providers should not be regulated as money transmitters when they do not control client funds. The organizations that support the claim include: Coin CenterDeFi Education FundSolana Policy InstituteThe Digital ChamberBlockchain AssociationCrypto Council for InnovationParadigmUniswap LabsJumpBitcoin Policy Institute
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The "Blockchain Regulatory Certainty Act" has been included in the latest version of the "CLARITY Act".
On June 9, the DeFi Education Fund disclosed that the Blockchain Regulatory Certainty Act (BRCA) was incorporated into the latest version of the CLARITY Act. This is an important step forward in protecting non-custodial, peer-to-peer technology developers, while also maintaining strong oversight of custodial financial institutions. The revised law represents a prudent balance – based on guidance issued by FinCEN in 2019, which makes it clear that developers and infrastructure providers should not be regulated as money transmitters when they do not control client funds. The organizations that support the claim include: Coin CenterDeFi Education FundSolana Policy InstituteThe Digital ChamberBlockchain AssociationCrypto Council for InnovationParadigmUniswap LabsJumpBitcoin Policy Institute