Encryption industry giants jointly declare support for the BRCA bill to protect the rights of non-accomplice developers.

BlockchainArch · 2025-06-10T01:03:22+00:00

Multiple blockchain and crypto assets organizations jointly welcome the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act, emphasizing its protection for non-accomplice technology developers and thanking the relevant legislators for their support.

BlockchainArch

2025-06-10 01:03:22

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According to the news, a number of well-known blockchain and cryptocurrency organizations issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the new version of the CLARITY Act. The bill aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict regulation of custodial financial institutions. The updated bill is based on FinCEN’s 2019 guidelines, which make it clear that developers and infrastructure providers should not be regulated like money transmitters when they do not control customer funds. The signatories, including industry leaders such as Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and a DEX Labs, expressed their gratitude to legislators such as Chairman Hill, Chairman Steil, Emmer Majority Whip, and Representative Torres.

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