A Joint Critical Statement Has Been Released from the Heavyweights of Cryptocurrency! Call for Cryptocurrency from Two Parties in the USA!

According to Crypto journalist Eleanor Terrett, eight leading crypto policy organizations operating in Washington D.C., along with Uniswap and Jump, have called on the U.S. Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act, which is the digital asset market structure legislation.

This joint statement, which includes important organizations such as the DeFi Education Fund, Coin Center, the policy arm of the Solana Foundation Solana Institute, Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm, is considered a critical step in the industry.

The statement revealed that BRCA aims to regulate software developers and infrastructure providers who do not hold customer assets in the same way as traditional financial institutions. This regulation was initially presented by Republican Party Majority Representative Tom Emmer and later transformed into a bipartisan proposal with the support of Democratic Representative Ritchie Torres.

A political leader stated in a statement to Terrett, "It is crucial that we do not treat open source developers like traditional financial institutions. BRCA clearly draws this line and protects innovation."

In a joint statement made with the inclusion of BRCA in the latest version of the bill, the following statements were made:

We welcome the inclusion of the "Blockchain Regulatory Certainty Act" in the newly introduced CLARITY Act version (BRCA). This is a meaningful step to protect peer-to-peer technology developers who do not control customer funds. The updated bill offers a balanced approach based on FinCEN's 2019 guidance that organizations conducting money transfers should not be regulated when developers and infrastructure providers do not control customer funds.

*It is not investment advice.

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