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The eight major encryption policy organizations jointly call for the inclusion of BRCA in the CLARITY Act to protect DeFi developers.
On June 9th, news reported by encryption journalists disclosed that a joint statement from eight major cryptocurrency industry associations is about to be released. A certain DEX and Jump Crypto will also participate in the statement, expressing support for including the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act. The eight major cryptocurrency 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: Decentralized Finance Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm.
They stated that this amendment is crucial for protecting software developers and infrastructure providers who do not custody client funds. The amendment was originally proposed by Tom Emmer and has now received bipartisan support from Rep. Ritchie Torres and others. Many in the industry see it as a fundamental policy safeguard for DeFi developers. The joint statement calls on lawmakers to include the BRCA in the CLARITY Act, a House bill regarding the market structure of digital assets.