Eight crypto policy groups urge Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the Digital Asset Market Structure Bill to provide clear regulations and legal protection to non-custodial developers in the blockchain sector.
BRCA aims to differentiate blockchain developers and service providers creating non-custodial software from traditional banks under financial regulations to promote innovation without hindrances in the industry.
The coalition comprising DeFi Education Fund, Coin Center, and others emphasize the importance of excluding open-source developers from money transmission laws to safeguard decentralized platforms and promote crypto innovation.
The Market Structure Bill, including the CLARITY Act, gains momentum in the crypto sector, but concerns remain about hidden aims and partisan interests affecting the regulation of digital assets by the federal government.