Finally, someone has stood up to speak for developers: non-control software shouldn’t be blamed for financial intermediaries. Once this loophole is opened up, American innovation will finally have its chance.

Dozens of senior executives in the encryption industry have written to the leaders of both parties in the U.S. Senate, urging the preservation of provisions related to the Blockchain Regulatory Certainty Act (BRCA) in the Clarity Act. The joint letter states that this provision 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 cryptocurrency innovation in the United States.