US Congressman reintroduces the Blockchain Regulatory Certainty Act that aims to exempt digital asset developers and service providers from being categorized as money transmitters.
The bill, co-led by Congressman Ritchie Torres, emphasizes the importance of regulatory clarity for blockchain developers and the bipartisan efforts in the crypto space.
Experts like Peter Van Valkenburgh and industry figures have praised the BRCA, stating it would protect American developers and innovators from excessive regulation and promote innovation in the digital asset sector.
The reintroduction of the bill is seen as a positive step towards facilitating the development of digital assets in the US and ensuring that non-custodial blockchain participants are not burdened with unnecessary compliance measures.