The "Blockchain Regulatory Determination Act" was officially incorporated into the CLARITY Digital Market Clarity Act, and the top ten crypto institutions applauded

Last night (9th), reporter Eleanor Terrett posted on the social platform DeFi Education Foundation, Coin Center, Solana Policy Institute and other organizations once again issued a joint statement to express their welcome.
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(Background supplement: Viewpoint: Never underestimate the U.S. stable currency bill)

DeFi Education Fund, Coin Center, Solana Policy Institute and other blockchain industry organizations announced on June 5 issued a joint statement today urging the U.S. Congress to incorporate the bipartisan Blockchain Regulatory Certainty Act (BRCA) into market structure legislation.

They emphasized in the statement:

As digital asset regulation in the United States evolves urgently, it must be remembered that developers who create peer-to-peer, non-custodial software and infrastructure providers that enable decentralized networks have little in common with traditional financial institutions and should not be regulated as the same. The Blockchain Regulatory Determination Act recognizes this reality and ensures that when software developers or blockchain service providers do not control or custody customer funds, they will not be improperly required to register as a "money transmission business" or be held liable for failing to register.

We strongly urge the House of Representatives to include the Blockchain Regulatory Certainty Act into the Digital Asset Market Clarity Act of 2025 to ensure that innovators across the United States can safely build financial infrastructure at home.

BRCA was included in the CLARITY Act, and institutions welcomed it

Just last night (9), reporter Eleanor Terrett posted on the social platform According to a statement posted by Eleanor Terrett, 10 major institutions and organizations including the DeFi Education Foundation, Coin Center, and Solana Policy Institute once again issued a joint statement expressing their welcome. They stated in a statement:

We are pleased to see the Blockchain Regulatory Certainty Act (BRCA) being included in the newly introduced CLARITY Act. This is an important step to protect developers of non-custodial, peer-to-peer technologies while maintaining strict oversight of custodial financial institutions.

The updated bill is based on the 2019 guidance from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), which clarifies that when developers and infrastructure providers do not control customer funds, they should not be regarded as currency transmitters for supervision, achieving a prudent balance between supervision and innovation.

What are the Blockchain Regulatory Certainty Act (BRCA) and the CLARITY Act?

The Blockchain Regulatory Certainty Act (BRCA), reintroduced by Representatives Tom Emmer and Ritchie Torres on May 21, 2025, is a bipartisan bill that aims to provide legal protection for non-custodial blockchain participants (such as software developers, miners, validators, wallet providers) from inappropriate financial regulation.

The bill clearly stipulates that if a blockchain participant does not control or custody customer funds, it should not be classified as a "money transmitter" and thus be exempted from relevant registration requirements and legal liabilities. BRCA is based on FinCEN’s 2019 guidance and aims to promote blockchain technology innovation and prevent U.S. technical talent and companies from flowing overseas due to regulatory uncertainty.

The Digital Asset Market Clarity Act (CLARITY Act) is a broader piece of legislation proposed by House Financial Services Committee Chairman French Hill on May 29, 2025, aiming to establish a comprehensive regulatory framework for the digital asset market. The bill clarifies the division of roles between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the regulation of digital assets, and requires digital asset companies to provide disclosure information to customers and segregate customer funds. The CLARITY Act attempts to resolve regulatory ambiguity in the digital asset market and promote innovation while protecting consumers.

BRCA’s inclusion in the CLARITY Act marks an important development in the U.S. Congress’s regulation of digital assets. This integration reflects lawmakers’ recognition of the decentralized nature of blockchain technology and their attempt to protect developers of non-custodial technology while maintaining strict supervision of custodial financial institutions. Industry experts believe that the inclusion of BRCA may attract more institutional investors into the digital asset market, reduce market volatility caused by regulatory uncertainty, and promote domestic blockchain innovation in the United States.