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Coinbase, a16z, and others jointly call for the U.S. to retain the regulatory exemption clause for crypto developers

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Coinbase CEO Brian Armstrong, a16z crypto partner Chris Dixon, Aave founder Stani Kulechov, BitGo CEO Mike Belshe, Block CEO Jack Dorsey, and dozens of other senior executives in the crypto industry jointly signed a letter to the bipartisan leaders of the U.S. Senate, calling for the retention of provisions related to the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act. The joint letter states that these provisions will provide legal certainty for Bitcoin, DeFi, and smart contract developers, clarifying that non-control software developers and service providers should not be considered financial intermediaries, thereby supporting the development of domestic crypto innovation in the United States.
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YieldTuningFork
· 9h ago
Legal certainty is crucial for DeFi, and no one dares to act in the current regulatory gray area.
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RouterRunner
· 9h ago
Non-controlled developers are not considered financial intermediaries; this logic should have been written into the law long ago.
View OriginalReply0
StardustRouter
· 9h ago
Local innovation needs fertile ground; the CLARITY Act should not push people to Singapore anymore.
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HedgeHedgeBaby
· 9h ago
Finally, someone has spoken up for the developers. If the BRCA clause passes, builders will no longer have to worry and be cautious when innovating.
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