A group of US crypto advocacy organizations has asked lawmakers to adjust a proposed digital asset bill to include clear protections for software developers and companies that support decentralized networks.
On June 5, seven organizations, including Coin Center, the Blockchain Association, and the Solana
The BRCA was reintroduced on May 21 by Representatives Tom Emmer and Ritchie Torres. It is designed to ensure that developers who build non-custodial crypto tools are not treated as financial service providers under federal rules.
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Meanwhile, the CLARITY Act focuses on dividing responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the regulation of cryptocurrencies.
By combining the BRCA with this bill, lobbyists hope to establish clearer boundaries between regulators and those who build and maintain blockchain systems.
The organizations said that software creators and network providers should not be compared to traditional financial institutions, since they do not control or manage users’ funds.
Additionally, Coin Center’s communications director, Neeraj Agrawal, stated in a post on X that the group is closely monitoring to ensure that no surveillance-related language is added to the bill, which could lead to privacy risks for users and developers.
On June 2, the organizations also requested that Congress refrain from adding new sections to the stablecoin bill, the GENIUS Act, which they fear could delay progress. What did they say? Read the full story.
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