{"id":30521,"date":"2025-06-06T06:01:46","date_gmt":"2025-06-06T06:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30521"},"modified":"2025-06-06T06:01:46","modified_gmt":"2025-06-06T06:01:46","slug":"crypto-groups-urge-congress-to-support-blockchain-regulatory-certainty-act-to-protect-developers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30521","title":{"rendered":"Crypto Groups Urge Congress To Support Blockchain Regulatory Certainty Act To Protect Developers"},"content":{"rendered":"
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A group of eight crypto policy organizations has urged US Congress leaders to support a recently re-introduced bill to protect software developers by including it in market structure legislation.<\/p>\n

Crypto Policy Groups Seek Software Developers\u2019 Protection<\/h2>\n

On Thursday, eight crypto policy organizations shared<\/a> a joint statement calling for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in market structure legislation, seeking to offer a safe harbor for software developers and infrastructure providers.<\/p>\n

H.R. 3533 was first introduced in 2023 by Republican Representative Tom Emmer and has now been reintroduced on May 21, 2025, as a bipartisan effort, with Democratic Representative Ritchie Torres as a co-sponsor.<\/p>\n

The BRCA is \u201ccritical for protecting software developers,\u201d as it proposed that no blockchain developer or provider of a blockchain service \u201cshall be treated as a money transmitter or as engaging in \u2018money transmitting\u2019, (\u2026), unless the developer or provider has, in the regular course of business, control over digital assets to which a user is entitled under the blockchain service or the software created, maintained, or disseminated by the blockchain developer or provider.\u201d<\/p>\n

\"crypto\"<\/p>\n

The policy groups\u2019 statement affirmed that developers<\/a> creating peer-to-peer, non-custodial software and infrastructure providers who facilitate decentralized networks have \u201clittle in common\u201d with traditional finance institutions. As such, they should not be treated as the same.<\/p>\n

\u201cThe BRCA acknowledges this reality and ensures that when software developers or blockchain service providers do not control or custody customer funds, they are not inappropriately required to register as \u2018money transmitting businesses\u2019 or liable for failing to do so,\u201d the joint statement reads.<\/p>\n

A policy lead told<\/a> journalist Eleanor Terret that \u201cit\u2019s critically important that we don\u2019t treat open-source developers like traditional financial institutions,\u201d adding, \u201cThe BRCA draws that line clearly and protects innovation.\u201d<\/p>\n

Congress Urged To Provide CLARITY<\/h2>\n

The crypto coalition, comprised<\/a> of the DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Paradigm, and Bitcoin Policy Institute, urged lawmakers to support the BRCA\u2019s inclusion in the Digital Asset Market Clarity Act of 2025.<\/p>\n

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We strongly encourage 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 \u2013 at home.<\/p>\n<\/blockquote>\n

The bill, also known as the CLARITY Act, was introduced<\/a> on May 29 by French Hill, Chairman of the House Financial Services Committee. The bipartisan legislation aims to establish a regulatory framework for crypto assets in the US, providing the long-awaited clarity and protection for the industry.<\/p>\n

\u201cOur bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress,\u201d Hill stated. As Terret reported, the Financial Services Committee has scheduled a markup for the CLARITY Act for June 10, 2025, alongside multiple other bills.<\/p>\n

The DeFi Education Fund, which has previously advocated for the protection of software developers, concluded<\/a> on X that \u201cCongress has an opportunity to protect developers of non-custodial peer-to-peer software protocols from being unreasonably targeted for regulation.\u201d<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A group of eight crypto policy organizations has urged US Congress leaders to support a recently re-introduced bill to protect software developers by including it in market structure legislation. Crypto Policy Groups Seek Software Developers\u2019 Protection On Thursday, eight crypto policy organizations shared a joint statement calling for the inclusion of the Blockchain Regulatory Certainty […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30521","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30521"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30521\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}