Multiple Crypto Institutions Jointly Declare Support for Inclusion of Blockchain Regulatory Certainty Act in CLARITY Act

According to Eleanor Terrett, several well-known blockchain and cryptocurrency organizations have issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the new version of the CLARITY Act. The act aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict regulation of custodial financial institutions. The joint statement points out that the updated act is based on FinCEN's 2019 guidelines, clarifying that developers and infrastructure providers should not be regulated like money transmitters when they do not control customer funds. Signatory organizations include industry leaders such as Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and Uniswap Labs, who expressed gratitude to legislators like Chair Hill, Chair Steil, Majority Whip Emmer, and Representative Torres.