Kristin Smith Chief Executive Officer at Blockchain Association | Official website
A coalition of organizations, including DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, and Bitcoin Policy Institute, has urged Congress to incorporate the bipartisan Blockchain Regulatory Certainty Act (BRCA) into market structure legislation. The group emphasizes the importance of safeguarding software developers involved in creating future financial systems.
As digital asset regulation progresses in the United States, the coalition highlights that developers of peer-to-peer non-custodial software and infrastructure providers for decentralized networks differ significantly from traditional financial institutions. They argue these developers should not be treated similarly. The BRCA addresses this by ensuring that software developers or blockchain service providers who do not control or hold customer funds are not wrongly classified as “money transmitting businesses” nor held liable for failing to register as such.
The statement acknowledges the efforts of Rep. Tom Emmer and Rep. Ritchie Torres along with their staff for their leadership on this issue. It calls on the House of Representatives to include the BRCA in the Digital Asset Market Clarity Act of 2025 to allow innovators across America to build financial infrastructure domestically.
