US Crypto Industry Advocates for Blockchain Regulatory Certainty Act Inclusion
- The US crypto industry is pushing for the Blockchain Regulatory Certainty Act (BRCA) to be included in the Digital Asset Market Clarity Act (CLARITY).
- BRCA aims to protect decentralized finance (DeFi) developers by distinguishing them from traditional financial institutions.
- The proposed amendment has bipartisan support from Republican Tom Emmer and Democrat Ritchie Torres.
- Eight leading crypto organizations, including DeFi Education Fund and Coin Center, are advocating for legislative clarity.
- BRCA seeks to ensure that developers who do not manage customer funds are not subjected to inappropriate financial regulations.
The US crypto industry is advocating for the inclusion of BRCA in CLARITY, with bipartisan support from key figures like Tom Emmer and Ritchie Torres. This move aims to protect DeFi developers by establishing clear regulatory boundaries.
Source (2.6)https://hodl.press/us-crypto-industry-urges-congress-to-protect-defi-developers/?rand=24434
