The post U.S. Lawmaker Proposes New Blockchain Bill (BRCA) to Safeguard Developers’ Rights appeared on BitcoinEthereumNews.com.

A US Congressman has reintroduced a bill (BRCA) that seeks to establish that entities or individuals who “do not custody customer funds” do not qualify as money transmitters.  While this seeks to protect blockchain developers and US innovators, this bill also provides the needed clarification for the smooth operation of crypto firms.  Minnesota Representative Tom Emmer has reintroduced the famous Blockchain Regulatory Certainty Act (BRCA) to provide regulatory clarity for blockchain developers in their dealings with digital assets. According to the report reviewed by CNF, this regulation seeks to exempt digital assets developers and service providers from the money transmitters category. The Details Over the past several months, the US has worked tirelessly to introduce multiple crypto-friendly bills, as detailed in our recent coverage. This includes the stablecoin bill highlighted in our previous discussion. The motive is to guide the operations of digital assets as part of the plans to facilitate its growth and position its use at the centre of the country’s financial system. Looking into BRCA, we found that it was co-led by Congressman Ritchie Torres, making it a bipartisan bill. Meanwhile, both Congressmen Emmer and Torres would operate as the “Co-Chairs of the Congressional Crypto Caucus.” Shedding more light on the bill, Emmer highlighted that anyone who “does not custody customer fund” is not a money transmitter. The longer we delay this commonsense clarification, the greater the risk that this transformative technology will be pushed overseas, harming American investors and innovators. This bill provides that clarification, and will help the United States remain a leader in the crypto space. Additionally, he believes that the Blockchain Regulatory Certainty Act underscores the bipartisan efforts to implement accurate and fair digital asset policies. It is important to note that a similar bill was voted down in a committee markup after…

---

Filed under: News - @ May 23, 2025 4:22 am