- DeFi Education Fund, Coin Center, Solana Policy Institute, the Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm issued a joint statement
- They emphasized that the BRCA is essential for protecting open-source developers and infrastructure providers who don’t hold customer funds
- Representatives Tom Emmer (R-MN) and Ritchie Torres (D-NY) reintroduced the BRCA to the US House of Representatives on May 21
In a notable show of unity, eight of the most prominent crypto policy organizations issued a joint statement urging Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the upcoming Digital Asset Market Clarity (CLARITY) Act. This coalition includes the DeFi Education Fund, Coin Center, Solana Policy Institute, Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm.
Stating that they are “united in our commitment to protecting the software developers building our financial future,” the organizations also emphasized that the BRCA is essential for protecting open-source developers and infrastructure providers, like miners and validators, who don’t hold customer funds. Basically, the BRCA would provide legal clarity for these non-custodial participants.
Furthermore, the coalition encouraged the House of Representatives to “include the BRCA in the Digital Asset Market Clarity Act of 2025, and ensure that innovators across America can safely build financial infrastructure here – at home.”
The Push to Protect Non-Custodial Developers and Infrastructure
On May 21, Representatives Tom Emmer (R-MN) and Ritchie Torres (D-NY) reintroduced the BRCA to the US House of Representatives. This bipartisan legislation seeks to establish a safe harbor for non-custodial blockchain participants, such as developers, miners, validators, and wallet providers.
On the other hand, the CLARITY Act was introduced on May 29 by House Financial Services Committee Chairman French Hill. This updated House bill’s main goal is to provide a comprehensive regulatory framework for cryptocurrencies and digital assets in the United States.
Mainly, it aims to outline the regulatory responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) for digital assets. Additionally, it proposes a provisional registration regime for crypto intermediaries and includes provisions for DeFi.
Crypto Industry Advocates for BRCA
Apart from the mentioned eight crypto organizations, it looks like the general consensus of the entire industry and the crypto enthusiasts is that incorporating the BRCA into the CLARITY Act would provide much-needed legal certainty for non-custodial blockchain participants. Additionally, it would encourage innovation while maintaining appropriate supervision.
The joint statement mirrors wider industry worries regarding excessive regulation, considering that traditional financial laws like the Bank Secrecy Act could hinder DeFi growth, which relies on peer-to-peer software.
The House is expected to hold hearings on the CLARITY Act in the coming weeks, during which the inclusion of the BRCA will be a focal point of discussion.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
