A coalition of eight prominent organizations in crypto policy has thrown its support behind the Blockchain Regulatory Certainty Act (BRCA). This includes well-known entities like the Blockchain Association and Coin Center, advocating for its inclusion in upcoming crypto market legislation.
The BRCA seeks to shield non-custodial software developers from unnecessary regulation, preventing their misclassification under the Bank Secrecy Act. The joint statement emphasizes the distinct nature of decentralized applications versus traditional financial services.
Introduced in Congress by Tom Emmer and Ritchie Torres, the bipartisan BRCA aims to establish fair regulatory conditions for blockchain developers. As discussions for a comprehensive digital asset framework continue, BRCA’s passage is seen as crucial to safeguarding innovation in the crypto space.
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