TLDR
- Eight major crypto firms have officially supported the inclusion of the BRCA in the updated CLARITY Act.
- The BRCA aims to protect developers of non-custodial blockchain technology from being classified as money transmitters.
- The bill is based on 2019 FinCEN guidance, which stated that non-custodial developers are not subject to money transmission rules.
- Leading organizations, including Uniswap, Jump, Coin Center, and the Blockchain Association, praised this legislative move.
- Lawmakers such as Chairman Hill and Majority Whip Emmer were recognized for their role in advancing the bill.
Eight leading crypto firms have backed the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act. This development has received recognition across the blockchain sector, especially among those building non-custodial technologies. The update reflects a significant moment for regulatory clarity and future legislative support for blockchain development.
Crypto Groups Applaud Lawmakers for BRCA Progress
Uniswap, Jump, and six other organizations publicly supported the BRCA update within the CLARITY Act. These firms released a joint statement recognizing the progress made with this legislative step. They highlighted the importance of protecting non-custodial developers from rules meant for financial institutions.
The crypto industry thanked lawmakers who worked to include BRCA in the final version of the Act. Chairman Hill, Chair Steil, Majority Whip Emmer, and Representative Torres were acknowledged for their roles. Their actions helped align legislation with past regulatory recommendations.
Peter Van Valkenburgh of Coin Center confirmed the bill reflects 2019 guidance issued by FinCEN. That guidance stated that developers not holding funds do not fall under money transmission rules. BRCA aims to formalize this into law, giving developers more certainty.
Non-Custodial Developers Receive Regulatory Backing
The BRCA seeks to shield individuals developing blockchain tools without custody of user assets from unnecessary financial compliance rules. By doing so, it draws a clear line between custodial services and software development activities. This change strengthens legal protections while maintaining oversight of financial platforms.
Coin Center, Solana Policy Institute, Paradigm, and others supported the legal shift introduced by BRCA. They clarified the bill does not reduce consumer safeguards or weaken financial regulations. Instead, it offers legal certainty for developers working outside traditional finance structures.
Supporters said the law aligns with long-standing interpretations of existing regulations. The 2019 FinCEN guidance has served as a foundation for the latest BRCA language. The update reassures blockchain engineers that legal treatment matches the structure of non-custodial systems.
Growing Policy Momentum Reflects Industry Maturity
The push for BRCA’s inclusion followed coordinated efforts by key blockchain advocacy groups. These groups engaged policymakers to ensure the bill’s adoption within the broader CLARITY framework. Their strategy showed increasing political organization within the crypto space.
Eleanor Terrett reported that these developments signaled important policy progress. She emphasized how major crypto companies backed this legislation as a meaningful shift. Their unified statement displayed both agreement and strategic focus.
Congress must still review and approve the final CLARITY Act. However, the BRCA’s momentum suggests growing alignment between lawmakers and blockchain stakeholders.
