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Crypto Groups Urge Congress To Support Blockchain Regulatory Certainty Act To Protect Developers

Rubmar Garcia
by Rubmar Garcia
3 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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.

Related Reading: Trump Family To ‘Legally Challenge’ Magic Eden’s ‘Official’ Crypto Wallet – Report

Crypto Policy Groups Seek Software Developers’ Protection

On Thursday, eight crypto policy organizations shared 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.

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.

The BRCA is “critical for protecting software developers,” as it proposed that no blockchain developer or provider of a blockchain service “shall be treated as a money transmitter or as engaging in ‘money transmitting’, (…), 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.”

crypto

Excerpt from the Blockchain Regulatory Certainty Act. Source: Congress.Gov

The policy groups’ statement affirmed that developers creating peer-to-peer, non-custodial software and infrastructure providers who facilitate decentralized networks have “little in common” with traditional finance institutions. As such, they should not be treated as the same.

“The 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 ‘money transmitting businesses’ or liable for failing to do so,” the joint statement reads.

A policy lead told journalist Eleanor Terret that “it’s critically important that we don’t treat open-source developers like traditional financial institutions,” adding, “The BRCA draws that line clearly and protects innovation.”

Congress Urged To Provide CLARITY

The crypto coalition, comprised 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’s inclusion in the Digital Asset Market Clarity Act of 2025.

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 – at home.

The bill, also known as the CLARITY Act, was introduced 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.

“Our 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,” 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.

The DeFi Education Fund, which has previously advocated for the protection of software developers, concluded on X that “Congress has an opportunity to protect developers of non-custodial peer-to-peer software protocols from being unreasonably targeted for regulation.”

Related Reading: Coinbase Faces Backlash For Allegedly Delaying Recent Data Breach Disclosure

crypto, Bitcoin, BTC, BTCUSDT

Bitcoin (BTC) trades at $103,266 in the one-week chart. Source: BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Rubmar Garcia

Rubmar Garcia

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Rubmar is a crypto enthusiast who likes learning and improving constantly. She enjoys reporting on the latest news and developments in the crypto industry. Rubmar also enjoys scrapbooking, crafting, simulation games, and watching football.

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